(EnergyAsia, March 17 2011, Thursday) — Citing supply cuts and growing war risks, Macquarie Research has sharply raised its Brent oil price forecast by 20% to US$117 a barrel.“Barely more than two months into the year, we have no choice but to revise up our old mid-January forecast. And we fully expect to have to…
MARKETS: Macquarie raised 2011 Brent oil price forecast by more than 20% to US$117, cites supply cuts, risks
Posted on March 17, 2011 by EnergyAsia