SUBROTO SEES OIL MARKET CONTINUING BULLISH

  Indonesian Energy Minister Subroto said
  he sees the oil market continuing bullish, with underlying
  demand expected to rise later in the year.
      He told a press conference in Jakarta at the end of a
  two-day meeting of South-East Asian Energy Ministers that he
  saw prices stabilizing around 18 dlrs a barrel.
      "The sentiment in the market is bullish and I think it will
  continue that way as demand will go up in the third or fourth
  quarters," Subroto said.
      Asked about the prospect for oil prices, he said: "I think
  they will stabilise around 18 dlrs, although there is a little
  turbulence ..."
      "Of course the spot price will fluctuate, but the official
  price will remain at 18 dlrs," he added.
  

