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Page added on January 2, 2010

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Where Are Oil Prices Heading in 2010?

Alternative-energy companies not only compete with each other, they also compete in a sense with oil firms. While it

After dipping below $35 a barrel early in the year, crude oil prices steadily increased throughout 2009, closing at $78.87 on Wednesday. Last year, the U.S. Energy Information Administration estimated that oil would average around $51 a barrel. They ended up averaging $62 a barrel, down from $100 a barrel in 2008.

And this year? The EIA is looking for crude oil to average about $79 a barrel and to once again rise through the year



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