Bloomberg News

Barclays Forecasts Brent Oil to Rise to $135 a Barrel by 2015

February 07, 2012

Feb. 7 (Bloomberg) -- Brent oil will rise to $135 a barrel by 2015, according to Barclays Capital.

“We see crude oil price risks moving to the upside once again and expect far-forward prices to benefit,” the bank said in an e-mailed report today.

Brent was little changed at $116.32 a barrel as of 3:44 p.m. in Singapore today and is up 8.3 percent this year.

To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net


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