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Morgan Stanley & Goldman Sachs Forecast $100-per-Barrel Oil in 2011

February 2, 2010

Goldman Sachs was the first to forecast a $100-plus-per-barrel crude oil price when the bank issued a research report last November, which called for a $110-per-barrel average price for West Texas Intermediate (WTI) crude in 2011. Morgan Stanley released a similar report in January and targets $95-per-barrel of WTI futures by December 2010, with an average price of $100 per barrel in 2011.

Tags: crude oil, Goldman Sachs, Morgan Stanley, OPIS

Author: Mike Antich | Posted @ Tuesday, February 2, 2010 12:41 PM | » Comments(2)

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AUTHOR BIO

Mike Antich

Editor & Associate Publisher

Mike Antich has been covering the fleet management and vehicle remarketing markets for more than 20 years. During this period, Mike has written or edited more than 4,600 articles on the subjects of fleet management, manufacturer fleet activities, the fleet leasing industry, and vehicle remarketing.

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