(EnergyAsia, April 26 2011, Tuesday) — Brent crude oil is expected to trade at a record average US$100 a barrel this year on robust economic growth in emerging markets, the declining value of the US dollar and the loss of Libya’s oil, said various analysts. Bank of America Merrill Lynch is the most bullish, giving a…
MARKETS: Oil may hit US$160 a barrel this year, says BoA, as forecasts now call for US$100 average
Posted on April 26, 2011 by EnergyAsia