Scotlabank predicts strong oil prices ahead

摘要

Scotiabank expects geopolitical events will keep oil prices strong next year despite slow global economic growth.The bank expects West Texas Intermediate (WTI) crude will average US$95 a barrel in 2012, on par with its forecast of US$95 a barrel for this year. Brent crude is expected to average US$108 a barrel next year, down from an expected average 2011 price of US$111.