North
American and European experts believe oil prices will increase in 2013.
Alternative Investments News
This was
revealed in a new report by leading industry expert Dr Kent Moors, Global
Energy Strategist, Money Morning.
 |
These
industry insiders agree Brent will be at no less than $115, and WTI (West Texas
Intermediate) no less than $95 by the end of the first quarter of 2013.
Dr Moors
writes, “there will be a number of factors that will push Brent and WTI prices
as much as 20% higher next year-particularly in the first quarter.” His own
forecasts has both higher, with Brent at $127 and WTI at $105 by March 31.
Meanwhile,
this optimism for crude oil prices was further fueled on December 12, when the International Energy Agency increased its demand forecast for Q4 2012, as well as lifting its
projections for non-OPEC supply in 2013.
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