Released on: October 7, 2008, 8:30 am

Press Release Author: Vincent Hall

Industry: Financial

Press Release Summary: Brentwood Group – Mounting fears of a global recession sends
oil lowest since February.

Press Release Body: Brentwood Group are thought to believe that although oil prices
have dipped below $90 for the first time since February, a cut in production by OPEC
may see the price return to $100.

Demand destruction in developed economies is seen as the primary driver of the price
fall. A source close to Brentwood Group said that growing concerns over the state of
the European economy may have served to exacerbate the negativity.

The Brentwood Group source suggested that the price of oil would be likely to return
to over $100 a barrel as markets focused on the supply end of the equation and as
OPEC cut back production in response to reduced demand.

Brentwood Group have reportedly been advising clients to acquire stocks in selected
majors and oil exploration and service companies.




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