Dec 5, 2010

Ceiling rises on crude futures-Some forecasts see $120 a barrel by 2012



ING and Deutsche Bank joined several peers in raising their crude-price forecasts on Friday, with a growing number of major banks saying prices have room to rise as supplies tighten.
Analysts are calling for oil prices to gain more than previously expected over the next few years, including several forecasts for them to top $100 US a barrel.
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Source: The Province

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