An increasing number of forecasters in Reuters' monthly survey expect Brent crude to average...


An increasing number of forecasters in Reuters' monthly survey expect Brent crude to average less than $100/bbl next year thanks to Europe’s debt crisis, slowing Chinese economic growth and a possible resolution of the Iranian nuclear crisis. Macroeconomic risk from Europe will need to fade before crude oil market fundamentals dominate pricing again, says one.

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Comments (3)
  • buyitcheap
    , contributor
    Comments (1902) | Send Message
     
    What a difference a currency blow up makes...
    24 May 2012, 09:50 AM Reply Like
  • Deltascared
    , contributor
    Comments (324) | Send Message
     
    Perfect time for this article. Bombs are about to fall and crude can go to $200. I wonder if XOM will break $88...
    24 May 2012, 11:05 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4206) | Send Message
     
    That thing with Iran kind of failed today btw. No word about that I guess.
    24 May 2012, 06:08 PM Reply Like
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