Experts offer 2010 outlook for oil prices

09 Jun 2009

Jan Stuart of Macquarie Securities and Peter Gastreich of UBS answer the question: Do you expect a surge in oil prices in 2010 given the prospect of improving GDP rates in the second half of this year? How should investors position themselves?




Jan Stuart
Oil economist
Macquarie Securities
We think oil prices next year will average US$70 per barrel, which would be a 33% surge from our target average of US$53 per barrel for Brent oil futures in 2009.

A macro economic recovery, however fragile, plays a key role. Across Asia ...

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