Oil prices to increase

Note: This section contains information in English only.
Source: Commodityonline
© Scanpix/AFP

WTI Crude Oil prices are likely to approach $112.5/bbl in 2012 and $126/bbl in 2013 while Brent crude oil my swing around $130/bbl in 2013, reported Goldman Sachs. Taking the rising capacity of Seaway pipeline, the Brent-WTI spread is expected to narrow, the company added. Oil outlook is turning to bullish on the growing tensions between Middle-East and Western economies.

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