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Commodities Briefing - Categorized | Market Moves, Price Watch more

Credit Suisse cuts 2013 price outlooks for U.S. oil, gold

Posted on 04 January 2013

Credit Suisse lowered its 2013 average price forecasts for West Texas Intermediate (WTI) crude oil by over 5 percent to $102.75 per barrel from $106.00, while leaving its forecast for Brent crude unchanged at $115.
It cut its forecast for gold, also by over 5 percent to $1,740 per oz from $1,840, and revised its 2013 price outlooks for various base metals. It left forecasts unchanged for other commodities including natural gas, wheat, corn and soybeans………………………………………..Full Article: Source


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