While commodities markets panic over record crude oil prices that hit $70.80 per barrel Monday, General Motors Corp. is forecasting prices will settle in around $50 per barrel for the next couple of years. “Our current assumption is we will come off the $67-$68 a barrel price points we’re at, but we are assuming during the next couple of years we could be above $50 a barrel,” Paul Ballew, GM general director-global sales and industry analysis, says during a presentation to securities ...
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