cbn statement, 2012-01-31
Crude oil production is expected to reach the budget target of 2.48 bpd, and price is expected to remain high in international market on the back of disrupted supply in the Middle East and renewed recovery in the US that saw 2011 fourth quarter GDP grew by 2.8 percent, the highest quarterly growth rate recorded in more than two years.
Sentiment: neutral
Topic: mp_economic_activity