Get FREE trial access to our award winning publications

Commodities Briefing - Categorized | Bullion/Gold, Oil, Price Watch

Gold could push oil above $100 in 2010 or early 2011

Posted on 26 November 2009

From Zawya.com: Oil prices are projected to average $85 per barrel next year and they may jump above $100 by late 2010 or early 2011, according to a revised global energy forecast by Bank of America-Merrill Lynch.

Earlier the investment bank forecast $75 a barrel for oil in 2010, but revised its expectations higher on anticipation that continued weakness in the US dollar will push commodities higher next year and gold may jump to $1,500 an ounce………………………….Full Article: Source

This post was written by:

VRS - who has written 11829 posts on Opalesque Commodities Briefing.


Contact the author


You must be logged in to post a comment.

February 2010
M T W T F S S
« Jan    
1234567
891011121314
15161718192021
22232425262728