Jp Morgan revises its Brent price forecasts downwards. According to the American Bank, in 2012 a barrel will cost an average of 115 dollars. Previous estimates spoke of 124 dollars. Between now and the end of 2011, however, oil from the Old Continent will fluctuate between 100 and 120 dollars a barrel.
The institute's analysts were induced to cut their estimates by the slowdown in global economic growth, which could bring down demand, and, above all, by reports of the latest events that are upsetting Libya. The entry of the rebels into Tripoli and the predictable defeat of Muammar Gaddafi lead us to foresee an imminent return to the markets of Libyan black gold, potentially able to significantly lighten the pressure on global demand.
