(Bloomberg) -- Lehman Brothers Holdings Inc. raised
its forecast for average Brent crude oil prices this year 3.7
percent because of limits in supply growth.
The fourth-biggest U.S. securities firm increased its
estimate for 2007 Brent oil prices to $70 a barrel from $67.50.
Oil will average $75 a barrel in 2008, up from the previous
forecast of $72, Edward Morse, Lehman's New York-based chief
energy economist, said today in an e-mailed report.
Read more at Bloomberg Energy News
its forecast for average Brent crude oil prices this year 3.7
percent because of limits in supply growth.
The fourth-biggest U.S. securities firm increased its
estimate for 2007 Brent oil prices to $70 a barrel from $67.50.
Oil will average $75 a barrel in 2008, up from the previous
forecast of $72, Edward Morse, Lehman's New York-based chief
energy economist, said today in an e-mailed report.
Read more at Bloomberg Energy News
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