Commodity Prices

Gold •23 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	944.40	-1.30	-0.14%
WTI Crude •3 hours	77.16	-1.12	-1.43%
Gasoline •3 hours	2.461	-0.007	-0.29%
Ethanol •23 days	2.161	+0.000	+0.00%
Silver •23 days	30.82	+1.16	+3.92%

Silver • 23 days	30.82	+1.16	+3.92%
Copper • 23 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	81.13	-1.24	-1.51%
Natural Gas • 3 hours	2.006	-0.035	-1.71%
Heating Oil • 3 hours	2.420	-0.052	-2.08%

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Ronald-Peter Stoferle

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Special Report Oil - Nothing to Spare

By Ronald-Peter Stoferle - Mar 05, 2012, 6:19 AM CST

We see the risks for the oil price heavily skewed to the upside. At the moment, the market is well supplied, but the smouldering crisis in the Persian Gulf could easily push oil prices to new all-time-highs should it escalate. We believe that new all-time-highs can be reached in H1, at which point we could see demand destruction setting in. We forecast an average oil price (Brent) of USD 123 per barrel between now and March 2013.