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Analysts raise oil price forecasts

Posted on 09 March 2011

From Reuters: Analysts from different brokerages have raised 2011 oil price forecasts well above $100 a barrel, after concerns over supply disruptions due to the ongoing Libyan unrest pushed oil prices to touch 2-1/2 year highs.
The price forecasts for ICE Brent crude LCOc1, which is being considered as the best measure of the global oil market, ranges between $105 to $122 a barrel among the bullish brokerages……………………………………….Full Article: Source


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