Commodity Prices

Gold •675 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,059.30	-3.00	-0.15%
WTI Crude •1 day	95.42	+0.61	+0.64%
Gasoline •1 day	3.527	+0.071	+2.05%
Ethanol •675 days	2.161	+0.000	+0.00%
Silver •675 days	30.82	+1.16	+3.92%

Silver • 675 days	30.82	+1.16	+3.92%
Copper • 675 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	101.29	+1.23	+1.23%
Natural Gas • 1 day	2.757	-0.012	-0.43%
Heating Oil • 1 day	3.899	+0.083	+2.16%

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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…

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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.