Brent crude oil is poised
to take its place in the financial market spotlight in the 2011-2013 period,
with prices forecast to average $93.75 a barrel in 2011, $106 in 2012 and $115
in 2013, Prestige Economics says. "Stronger economic growth, a gradually
weakening dollar, and continued market concern are good for commodity markets. With
sovereign debt concerns potentially poised to plague treasuries and inflation
concerns growing, commodities look very attractive," Prestige says. Adds
that crude also has the advantage of being consumed, and the tangible asset
play--while relatively dead in real estate--is still interesting for assets
that are consumed, finite and experiencing rising demand