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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 [1]‘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 [2]).

On a related note, check out this recent chart on Gasoline prices:
Gasoline.gif
Source: Chart of the Day [3]


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:

[1] Bank of America: http://www.bofasecurities.com/featuredresearch/content/research.asp

[2] Oil chart: http://stockcharts.com/def/servlet/SC.web?c=$XOI

[3] Chart of the Day: http://www.chartoftheday.com/20030827.htm

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