October 6 New York news, the U.S. investment bank Merrill Lynch & Co. October 5 said that due to increased demand in emerging markets and "loose" monetary policy has led to depreciation of the dollar, oil prices are likely to break again in 2010, a large 100 U.S. dollars off.
Merrill Lynch & Co. led to Francis Cobb branch analysis of the experts writing in the Merrill Lynch Global Energy Weekly, said that next year the global economy will grow 4.2%, while the world's spare oil production capacity can only meet the current needs of 5%. Therefore, the price of oil in the 4th quarter of next year are likely to rise to Merrill Lynch & Co. had predicted the level of 82 U.S. dollars a barrel.
Reported that the absence of reducing global oil demand or supply of strong policy action in an unexpected increase in the OECD member countries continue to implement a very loose monetary policy may eventually bring oil prices pushed up again in 2011 to more than 100 U.S. dollars a barrel.
Oct. 11, 2009
