Thursday, March 03, 2011

Who Cares About Brent Crude At 115 USD?

From the monthly client survey at Nomura:
More than half of our clients (57%) think that oil prices need to rise to levels of $150 or higher in order to materially increase risks to global growth; only 7% think that current levels pose significant risks.

Click on chart to enlarge, courtesy of Nomura.

So, some $20-25 higher should goe easily?
Well, the survey was conducted last week or so, I suppose, when Brent was about $10 lower?

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