$95 a Fair Price for Brent Crude – Analyst (USO) (OIL) (UCO) (BNO)

Article Stock Quotes (3) Comments (0)

The current price of Brent crude is $100 per barrel, $10 higher compared to recent lows near $90. Analysts at Credit Suisse see Brent trading in a range around this level for most of the year, with an averaging of $95 in fourth quarter of 2012.

A recover in Brent crude, if it happens, will likely take place in 2013. By the end of next year, Credit Suisse sees Brent trading higher by approximately $5, with an average price of $105.

United States Brent Oil ETF (NYSE: BNO) was higher by 2.7 percent on Wednesday. United States Oil (NYSE: USO) and iPath S&P GSCI Crude Oil TR Index ETN (NYSE: OIL) were high by a similar percentage, as both Brent oil and WTI saw gains.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Silver, Gold Active as Bernanke Expresses Some Concerns (SLV) (GLD)
• Japan to Stem Bond Volatility as Aggressive Fiscal Policy Takes Hold (FXY) (EWJ)
• Natural Gas Storage Grows 99 bcf vs 95 bcf Gain Expected

Create E-mail Alert Related Categories

Commodities, ETFs

Related Entities

Credit Suisse, Standard & Poor's, Crude Oil

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?