S&P revises oil price deck for the remainder of 2009 revised, affirms other assumptions

Standard & Poor's Ratings Services has recently revised upward its oil assumption for the remainder of 2009 to $45 per BOE from the previous $40 per BOE. We have not changed our oil price deck assumptions for 2010 and beyond nor changed any of our natural gas price assumptions, according to the report, "Criteria: Standard & Poor's Revises Its Oil Price Deck For The Remainder Of 2009 And Affirms All Other Assumptions," published on June 5, 2009, on RatingsDirect.

"We believe the recent rally in oil prices reflects improved investor sentiment for the global economic outlook as well as recent actions by leading oil-producing nations to reign in supply, said Standard & Poor's credit analyst Thomas Watters.