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Morgan Stanley & Goldman Sachs Forecast $100-per-Barrel Oil in 2011

Goldman Sachs was the first to forecast a $100-plus-per-barrel crude oil price when the bank issued a research report last November, which called for a $110-per-barrel average price for West Texas Intermediate (WTI) crude in 2011. Morgan Stanley released a similar report in January and targets $95-per-barrel of WTI futures by December 2010, with an average price of $100 per barrel in 2011.

Gasoline Rises, but Demand Worries Persist

GAITHERSBURG, MD - Crude oil closed within a few dollars of its 2009 high, but gasoline and heating oil are some 5-8 percent or so below top levels witnessed earlier in the month, according to the Oil Price Information Service.

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