Brent Crude Oil Forecast Raised to $117 at Macquarie
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Macquarie Group Ltd. raised its 2011 Brent to $117 per barrel, while also lifting its West Texas Intermediate crude oil price forecasts to $110.
The bank also announced that it has increased its 2012 estimates for Brent and
WTI to $120 and $115 respectively.
“We think that volatile and upward trending will best describe this year’s oil price profile,” Macquarie said.
The bank also announced that it has increased its 2012 estimates for Brent and
WTI to $120 and $115 respectively.
“We think that volatile and upward trending will best describe this year’s oil price profile,” Macquarie said.
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