Commodity Prices

Gold •315 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	973.90	-7.30	-0.74%
WTI Crude •10 mins	60.91	-2.24	-3.55%
Gasoline •10 mins	2.102	-0.068	-3.12%
Ethanol •315 days	2.161	+0.000	+0.00%
Silver •315 days	30.82	+1.16	+3.92%

Silver • 315 days	30.82	+1.16	+3.92%
Copper • 315 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	63.84	-2.25	-3.40%
Natural Gas • 10 mins	3.461	-0.031	-0.89%
Heating Oil • 11 mins	2.140	-0.066	-2.99%

Headlines

700 days Will The ECB Continue To Hike Rates?
700 days Forbes: Aramco Remains Largest Company In The Middle East
702 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,102 days Could Crypto Overtake Traditional Investment?
1,106 days Americans Still Quitting Jobs At Record Pace
1,108 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,111 days Is The Dollar Too Strong?
1,112 days Big Tech Disappoints Investors on Earnings Calls
1,113 days Fear And Celebration On Twitter as Musk Takes The Reins
1,114 days China Is Quietly Trying To Distance Itself From Russia
1,115 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,119 days Crypto Investors Won Big In 2021
1,119 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,120 days Food Prices Are Skyrocketing As Putin’s War Persists
1,122 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,122 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,126 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,126 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,127 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,129 days Are NFTs About To Take Over Gaming?

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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.