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Commodities Briefing - Categorized | Oil, Price Watch more

World oil prices could surge to $144/bbl

Posted on 10 March 2011

From Inquirer.net: American investment bank Merrill Lynch sees global oil prices surging to $144 per barrel based on the Brent crude benchmark in the next three months given the political unrest in the Middle East and North Africa.
“Global oil demand has been expanding at a breakneck pace in recent quarters, and now the political situation in Libya has reduced oil production by one million barrels per day,” Merrill Lynch said in a commentary dated March 7……………………………………….Full Article: Source


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