| 07.06.2012 - BofA cuts oil price forecasts on supply, Europe woes |
| Bank of America-Merrill Lynch lowered its crude oil price forecasts, citing stronger-than-expected supply growth coupled with weakening European demand and softer growth in emerging markets and the United States. The bank cut its Brent and West Texas Intermediate crude oil price forecasts by $10 for the second half of the year, to $106 and $97 per barrel, respectively...............................................Full Article: Source |