石油：看漲

????2011年下半年油價回落是因為全球最大的能源消費國——美國顯露出了二次探底的跡象，而歐洲的債務危機也愈演愈烈,。但是,，即便2012年美國經(jīng)濟依然低迷，也不太可能把油價拉低太多,。

????12月份高盛預計由于原油供應仍舊緊張,，當前約為108美元/桶的布倫特原油價格到2012年底將達到127.50美元/桶。導致原油供應緊張的因素包括在可以預見的未來利比亞原油產(chǎn)量下跌,、地緣政治風險和其他因素,。

Oil: Bull

????During the second half of 2011, oil prices slid as the U.S., the world's biggest energy consumer, showed signs that it was headed for another recession amid the backdrop of a deepening debt crisis in Europe. But even if the U.S. economy continues to slog through in 2012, that's not likely going drive oil prices down much.

????In December, Goldman Sachs forecast the price for Brent oil, which is currently trading at around $108 a barrel, will reach $127.50 by end of 2012 as supply remains tight. This is partly due to Libya's loss of oil production for the foreseeable future, geopolitical risks and other factors.