Credit Suisse: Oil Prices will be $120 '08
-- Purchasing, 6/12/2008
Credit Suisse increased its 2008 oil price forecast to $120/barrel in May, a giant leap from its previous forecast of $91, but down slightly from the $127 price it was trading at in May. Societe General also raised its price forecast to $115.
| Firm | 2008 avg price |
| MF Global | $152 |
| Goldman Sachs | $141 |
| Credit Suisse | $120 |
| Societe Generale | $115 |
| Deutsche Bank | $105 |
| Merrill Lynch | $101 |
| BMO Capital Markets | $100 |
| Alaron Trading | $97 |
| Source: Dow Jones Newswires | |
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