Oil rises on strong economic reports in US, Europe By CHRIS KAHN NEW YORK Oil prices rose Tuesday on promising economic news out of Europe and expectations that a supply glut will ease in the U.S. Midwest. Benchmark West Texas Intermediate crude rose by $1.27 to end the day at $104.20 per barrel. News from two key European economies signaled that oil demand won't weaken. A closely watched sur ...

Goldman sees 2013 Brent at $130, WTI $126Antonita DevottaReutersPublished Thursday, Dec. 01, 2011 3:22PM ESTLast updated Thursday, Dec. 01, 2011 3:31PM ESTGoldman Sachs forecast the price of Brent crude oil at $130 (U.S.) a barrel in 2013, saying crude will continue to rise even in a poor economic growth environment.Making public its 2013 forecast for the first time, the firm also predicted the p ...

JP Morgan latest crude oil price forecast remains on the upside Published on October 8, 2011 by Editor·JP Morgan said on Friday it sees continued upside price risks conducive to oil prices moving to $130 per barrel for 2013 from ongoing geopolitical issues, low spare capacity, the potential for stock building, and currency related issues.Oil Price Forecast – 2013The bank forecasts the price of Eur ...

9/6/2011Crude prices jump on supply concernsStory link: Crude prices jump on supply concerns by Elaine Frei Crude oil prices were higher Thursday, with July contracts for West Texas Intermediate crude up 98 cents to $101.72 per barrel about twenty minutes before the close of floor trade on the New York Mercantile Exchange, while Brent crude was lately up $1.64 to $119.49 per barrel onthe ICE Futur ...

Little downside left in oil prices: First EnergyBy John Morrissy, ReutersMay 16, 2011 2:49 PMA gas nozzle is used to pump petrol at a station in New York. The current decline, which shaved more than $14 US a barrel from current U.S. oil futures prices over the past two weeks, have been tagged by commentators as evidence of demand destruction as consumers balk at elevated energy prices.Photograph b ...