måndag 20 februari 2012

J.P. Morgan expects Brent crude to rise to $118/bbl in 2012

SINGAPORE, Feb 20 (Reuters) - J.P. Morgan Chase raised its 2012 price forecast for Brent crude by $6 to $118 a barrel on supply risks in key producing countries and underperformance in new frontier areas. The bank also raised its 2013 forecast for Brent to $125 a barrel, up from $121, analysts led by Lawrence Eagles said in a research note dated Feb. 19. (Reporting by Florence Tan; Editing by Himani Sarkar)

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