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BoA raises oil price forecast
Posted By Barry Ritholtz On August 27, 2003 @ 9:36 am In Finance,Politics | Comments Disabled
Bank of America ‘s energy analysts were busy this am; They raised their 2003-2004 oil price forecast to a 19% premium to the First Call consensus.
If BoA revised estimates are correct, this is potentially a significant drag on the economy. (Here’s an Oil chart ).
On a related note, check out this recent chart on Gasoline prices:
Source: Chart of the Day 
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2003/08/boa-raises-oil-price-forecast/
URLs in this post:
 Bank of America: http://www.bofasecurities.com/featuredresearch/content/research.asp
 Oil chart: http://stockcharts.com/def/servlet/SC.web?c=$XOI
 Chart of the Day: http://www.chartoftheday.com/20030827.htm
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