Deutsche Bank Raises 2012 Brent Crude Oil Forecast

Deutsche Bank (NYSE: DB) lifted its 2012 outlook for Brent crude oil.

For 2012, the bank now projects Brent crude oil to average $113 per barrel, versus its earlier view of $107 per barrel.

The bank expects Brent to average $113.50 per barrel in 2013.

Deutsche Bank shares closed at $40.21 yesterday.