News Headline Summary

Commerzbank says expects the price of Brent to increase to USD 112 by year end and to USD 115 next year

- Sees 2013 average WTI price at USD 99/bbl and 2014 at USD 112/bbl.

Update details:

- Yesterday, SocGen said maintains Brent forecast of USD 111/bbl in Q3, USD 109/bbl in Q4 and USD 110/bbl in 2014.
- On Monday, Goldman Sachs raised its 3-month price forecast for Brent crude to USD 110/bbl and raised its 6-month Brent forecast to USD 108/bbl. Goldman Sachs further added that Brent oil may reach USD 115/bbl in the very near term.

Print 12:36, 22 Aug 2013 - Commodities - Source: Commerzbank