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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices have touched base at $100: Top banker

Posted on 21 November 2011

Oil prices have reached a new base of $100 per barrel and may touch $200 in the medium-to-long term, according to Bank Sarasin.
“I have always been a believer that oil prices have a found a new base at $100. Even if we (are to) go into recession, it won’t drop below $70 or $80,” Bank Sarasin chief investment officer Burkhard Varnholt, said………………………………………..Full Article: Source


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