Crude prices seen unmoved by global subprime woes: survey

LONDON: Oil prices are set to remain robust through next year despite the global markets shakedown in recent days, with banks and other institutions trimming their estimates marginally, according to the monthly Dow Jones Newswires oil price survey.

The median US light, sweet crude price in the three months to September, compiled from 26 banks and other institutions, is revised $2 a barrel higher to $72 a barrel against last month

The forecasts, compiled within the last two days, are underpinned by the start of the hurricane season and with long-standing supply fears stemming from oil-rich countries such as Nigeria and Iran firmly intact.

Oil analyst Thina Saltvedt at Norway