Marrill Lynch calls up oil another $10 to $82 in 2008
Written on the original Movable Type site and recovered from the Internet Archive.
Yet another Wall Street bank moved up their price target for crude in 2008 after last week’s EIA report. Merrill Lynch raised their price target from $72 to $82. Read the summary 2008-2010 report here. They are slowly waking up to reality. They still have a reduction in 2009, but I expect that to change too.
