NEW YORK, July 9 (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday that despite the renewal of war in the Middle East, he was not looking for a sustained rise in energy prices over the remainder of the year.

“The markets still expect oil prices to come down over the next six to 12 months. I think that's a pretty reasonable baseline,” Williams said at a conference at his bank. “I still feel kind of the fundamentals are that energy prices are likely to be around their peak and then to come down over time.”