Wed, Jul 30, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil price forecasts cut by Deutsche Bank on U.S. supply

Posted on 15 January 2014

Deutsche Bank AG (DBK) reduced its price forecasts for Brent and West Texas Intermediate crude this year as “rampant” increases in crude supply from U.S. shale resources will help create a glut of oil.
The German bank cut its 2014 forecast for Brent to $97.50 a barrel, from $106.25, and its estimate for WTI to $88.75 a barrel, from $98.75, according to an e-mailed report today. A recovery in Iranian oil exports, should sanctions be resolved, is a “non-negligible” risk for this year, the bank said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36199 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031