Sunday, July 1, 2007

UBS Raises West Texas, Brent Crude Oil Forecasts on Higher Refinery Demand

(Bloomberg) -- UBS AG raised its 2007 forecast for
crude oil traded in New York to $65 a barrel, from $61, as
stronger demand from refiners lowers inventories.

The bank boosted its forecast for Brent crude oil to $67 a
barrel for 2007, from $60, UBS said in a report today.


Read more at Bloomberg Energy News

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