Filed under: Consumer Experience, Economic Data, Oil, Federal Reserve
Francisco Blanch, global head of commodity research at Bank of America/Merrill Lynch, stated in the Financial Times that his forecast is for oil prices to move above $90 per barrel, then to $100 per barrel.
With more stimulus from the Fed, more dollars will be sloshing around the world. This gives a boost to oil demand and then higher prices. QE2 is scheduled to continue into 2011, which will support oil prices into next year.
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Oil Analyst Forecasts $100 per Barrel Oil originally appeared on BloggingStocks on Thu, 04 Nov 2010 12:30:00 EST. Please see our terms for use of feeds.
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