{"id":14055,"date":"2011-05-24T08:50:39","date_gmt":"2011-05-24T06:50:39","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14055\/brent-oil-trading-at-110-goldman-turns-bullish-for-prices\/"},"modified":"2011-05-24T08:50:39","modified_gmt":"2011-05-24T06:50:39","slug":"brent-oil-trading-at-110-goldman-turns-bullish-for-prices","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14055\/brent-oil-trading-at-110-goldman-turns-bullish-for-prices\/","title":{"rendered":"Brent oil trading at $110, Goldman turns bullish for prices"},"content":{"rendered":"<p><p>Brent oil futures open Tuesday&#8217;s trading session firm over $110 a barrel as Goldman Sachs and Morgan Stanley return to a bullish medium term forecast for Brent oil prices.<\/p>\n<p><strong>Latest Brent Oil Price<\/strong><\/p>\n<p>In London, Brent crude oil futures for July 2011 delivery was trading at $110.62 a barrel, 07.45 GMT this morning on the ICE Futures Exchange.<\/p>\n<p><strong>Oil Price Forecasts<\/strong><\/p>\n<p>Morgan Stanley increased its forecast for average Brent crude this year by 20 percent to $120 a barrel and by 24 percent for 2012 to $130 a barrel.<\/p>\n<p>Goldman Sachs raised its 12 month price estimate for Brent oil futures to $130 a barrel and recommended investors buy Brent for settlement in December 2012, according to a report dated 23rd May.<\/p>\n<p><strong>Only a Matter of Time<\/strong><\/p>\n<p>&#8220;It is only a matter of time until inventories and OPEC spare capacity will become effectively exhausted, requiring higher oil prices to restrain demand, keeping it in line with available supplies&#8221; Goldman Sachs analysts led by New York based David Greely said in a note emailed today.<\/p>\n<\/p>\n<p>Read more from the original source:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/05\/2011\/brent-oil-trading-at-110-goldman-turns-bullish-for-prices.html\" title=\"Brent oil trading at $110, Goldman turns bullish for prices\">Brent oil trading at $110, Goldman turns bullish for prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Brent oil futures open Tuesday&#8217;s trading session firm over $110 a barrel as Goldman Sachs and Morgan Stanley return to a bullish medium term forecast for Brent oil prices. Latest Brent Oil Price In London, Brent crude oil futures for July 2011 delivery was trading at $110.62 a barrel, 07.45 GMT this morning on the ICE Futures Exchange. Oil Price Forecasts Morgan Stanley increased its forecast for average Brent crude this year by 20 percent to $120 a barrel and by 24 percent for 2012 to $130 a barrel. Goldman Sachs raised its 12 month price estimate for Brent oil futures to $130 a barrel and recommended investors buy Brent for settlement in December 2012, according to a report dated 23rd May. Only a Matter of Time &#8220;It is only a matter of time until inventories and OPEC spare capacity will become effectively exhausted, requiring higher oil prices to restrain demand, keeping it in line with available supplies&#8221; Goldman Sachs analysts led by New York based David Greely said in a note emailed today. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14055","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=14055"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14055\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}