You are a market analyst specializing in the oil industry and have been asked to forecast the likely price of oil in 2012.

world wide demand will increase as the US economy is in full rebound, EU strengthens, and China and India continue to grow. Crude will rise from its current $84 – $85 range to $120 per barrel.

As a market analyst I spent years in school to achieve this degree of foerecastig savvy. I would have to charge you a lot of moey to give you my analysis. If you are in school to learn this you should probably do the recommended reading so that someday you too can charge exhorbitant amounts of money for your professional opinion.

This sounds like homework to me? Why is everyone so eager to answer homework questions?