FWTV: Commerzbank’s Weinberg on rising oil prices

Despite predicted downbeat demand for oil in 2013 Eugene Weinberg, the head of commodity research at Commerzbank, predicts oil prices will continue to rise, hitting $115 a barrel by the end of 2012. Speaking at the recently held Fund Strategy Summit in Dubrovnik, Weinberg said actions by the global central banks to pump liquidity into the system will be enough to keep prices rising and he predicts they will rise further in 2013.