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Should the combination of restricted Libyan supplies, continued global growth, and "ultra loose"...

Should the combination of restricted Libyan supplies, continued global growth, and "ultra loose" monetary policy continue, Brent crude could spike to $175/barrel in 2012, says BofA as it lifts its price target for crude for both Q4 2011 and all of 2012.
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Comments (2)
  • surfgeezer
    , contributor
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    Long oil, but yikes that will really slow growth here. We will see.
    20 Jul 2011, 09:20 AM Reply Like
  • kmi
    , contributor
    Comments (4268) | Send Message
     
    BofA is one of the big purchasers of the oil being released from the reserve to store it on tanker ships... of course they are long... and they are interested in keeping supplies off the market to spike the price as much as possible....
    20 Jul 2011, 11:36 AM Reply Like
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