Citi Bank: Govt makes realistic assumption of oil price

KUALA LUMPUR: Citi Bank has described as realistic the government's decision to revise the earlier crude oil price assumption of US$100 per barrel used in Budget 2015 to US$55 per barrel following the current global economic landscape. 

"But when you take a budget example, when you set a price (of crude oil), you are talking about the average price over a period of times. We do expect the price to stabilise within a range of US$45 to US$60 per barrel," he told a media briefing on the 2015 Asian market outlook on Friday.