Commodity Prices

Gold •168 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	931.20	-3.40	-0.36%
WTI Crude •10 mins	70.99	+0.41	+0.58%
Gasoline •10 mins	1.944	+0.002	+0.08%
Ethanol •168 days	2.161	+0.000	+0.00%
Silver •168 days	30.82	+1.16	+3.92%

Silver • 168 days	30.82	+1.16	+3.92%
Copper • 168 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.59	+0.20	+0.27%
Natural Gas • 10 mins	3.462	+0.088	+2.61%
Heating Oil • 10 mins	2.255	-0.003	-0.15%

Headlines

553 days Will The ECB Continue To Hike Rates?
553 days Forbes: Aramco Remains Largest Company In The Middle East
555 days Caltech Scientists Succesfully Beam Back Solar Power From Space
955 days Could Crypto Overtake Traditional Investment?
960 days Americans Still Quitting Jobs At Record Pace
962 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
965 days Is The Dollar Too Strong?
965 days Big Tech Disappoints Investors on Earnings Calls
966 days Fear And Celebration On Twitter as Musk Takes The Reins
968 days China Is Quietly Trying To Distance Itself From Russia
968 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
972 days Crypto Investors Won Big In 2021
972 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
973 days Food Prices Are Skyrocketing As Putin’s War Persists
975 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
976 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
979 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
980 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
980 days Two ETFs That Could Hedge Against Extreme Market Volatility
982 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Ronald-Peter Stoferle

With its geographical focus on the region of Central and Eastern Europe, the Erste Group is perfectly positioned to profit from the growth potential of…

More Info

Contact Author

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.