Barclays Lowers 2012 Forecast on Brent/WTI (USO) (OIL)
Tweet Send to a Friend
In a note today, Barclays lowered their 2012 forecast on WTI to $90.60 from a previous forecast of $95.77. The bank also lowered its 2012 forecast for Brent to $103.50 from $110.
WTI futures trade at just under $90 per barrel at 89.06. Brent trades at $104.77 per barrel.
United States Oil ETF (NYSE: USO) is lower by nearly 16 percent year-to-date. However, prices have rallied in the past month and are higher by 6.6 percent.
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
WTI futures trade at just under $90 per barrel at 89.06. Brent trades at $104.77 per barrel.
United States Oil ETF (NYSE: USO) is lower by nearly 16 percent year-to-date. However, prices have rallied in the past month and are higher by 6.6 percent.
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
- Markets Fluctuate on Chatter of Early QE Exit by Fed
- Natural Gas Storage Grows 99 bcf vs 95 bcf Gain Expected
- Gold Sinks Below $1400/oz (GLD) (IAU) (SLV)
Create E-mail Alert Related Categories
Commodities, ETFsRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
