(Bloomberg) -- Sanford C. Bernstein & Co. raised its
forecast for average oil prices in New York this year by 18
percent to $59 a barrel because an increase in gasoline demand
may outpace supply growth.
Bernstein raised its ratings on Royal Dutch Shell Plc and
ConocoPhilips to outperform on the expectation that their shares
will gain ground on competitors.
Read more at Bloomberg Energy News
forecast for average oil prices in New York this year by 18
percent to $59 a barrel because an increase in gasoline demand
may outpace supply growth.
Bernstein raised its ratings on Royal Dutch Shell Plc and
ConocoPhilips to outperform on the expectation that their shares
will gain ground on competitors.
Read more at Bloomberg Energy News
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