Sat, Jan 31, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

BofAML sees brent crude oil at $130/bbl in 2013

Posted on 14 February 2013

With global GDP growth set to accelerate in 2H2013 and limited supplies, there is a growing risk of Brent prices spiking to $130/bbl this year, said Bank of America Merrill Lynch in a report.
The developed world has seen a surge in fuel-efficiency in transportation. As baby boomers exit the “prime driver” age band (15-65), oil demand will decline further. “But global population in the prime driving age band continues to grow strongly due to emerging markets.” the report noted………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39041 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031