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

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.

Gas & Diesel 35 Cents/Gal Less than June

GAITHERSBURG, MD - Spot prices for gasoline and diesel in key U.S. market are expected to drop more than 35 cents per gallon below June highs in many cases, according to the Oil Price Information Service.

Gasoline Rises, but Demand Worries Persist

GAITHERSBURG, MD - Crude oil closed within a few dollars of its 2009 high, but gasoline and heating oil are some 5-8 percent or so below top levels witnessed earlier in the month, according to the Oil Price Information Service.

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