Recently released a report accusing him of a number of international oil prices could top $ 100 next year, because as the economy continues to recover, the global demand for oil will continue to increase. Crude oil prices higher than the previous $ 100 a barrel or in October 2008, when Lehman Brothers bankruptcy triggered commodity and stock markets fell sharply.
Last week, Goldman Sachs Commodity Outlook Report 2011, is expected before the second half of next year, crude oil prices will break through 100 U.S. dollars a barrel. The bank believes that the recovery of the crude oil market has entered a "second stage."
Goldman Sachs bullish oil prices is an important reason is that OPEC's spare capacity began to decline, OPEC accounted for 40% of the global supply of crude oil around important in the global market. Goldman Sachs said crude oil inventories as the global economic crisis from the regression of surplus state normalization, OPEC will be the market for some time to supply more oil, reducing idle capacity. In the December 11 meeting, OPEC said it would maintain the December 2008 set the output target unchanged.
Analysis of the library team, headed by Goldman Sachs, wrote in the report, as record high global crude oil demand to close, crude oil stock levels declined rapidly in recent months. Goldman Sachs expects global oil demand growth will remain strong momentum, an increase of 200 million barrels per day.
Bank of America - Merrill Lynch analyst last week said that 2011 oil prices could top $ 100 a barrel mark. But the bank believes that higher oil prices in the price of 100 dollars or even more difficult to maintain a long time.
Bank of America - Merrill Lynch said the oil market has emerged tight fundamentals and structure. The bank believes that the recent oil demand grew faster than the supply situation will continue into 2011. According to the report of the bank, over the past two quarters, global oil demand growth to the fastest level since 2004, if such growth, demand in 2010 will hit a new high.
JP Morgan Chase in New York, head of oil research Eagles that next year, the spot price of oil may exceed $ 100 per barrel mark. Market participants noted that crude oil futures traders and investment banks optimism for the price of oil, and 3 months ago In contrast, many people also believe that oil prices are unlikely to continue rising because demand is weak. But after a period of time, demand for crude oil seems to have been higher.
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