CORRECTED-FACTBOX-Analysts raise oil price forecasts

(Corrects table to say JP Morgan raised Brent oil forecast to
$108 and WTI to $96 for Q1 2011, not full-year 2011)

March 8 - Analysts from different brokerages have raised
2011 oil price forecasts well above $100 a barrel, after
concerns over supply disruptions due to the ongoing Libyan
unrest pushed oil prices to touch 2-1/2 year highs.

The price forecasts for ICE Brent crude LCOc1, which is
being considered as the best measure of the global oil market,
ranges between $105 to $122 a barrel among the bullish
brokerages.

Brent crude leapt to a 2-1/2 year high of nearly $120 a
barrel on Feb. 24.

Here is a list of brokerages and their changes in oil price
outlook.
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BROKERAGE ACTION DATE
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JP Morgan Raises Q1 2011 Brent oil forecast Feb.25

to $108 a barrel from the previous $95

Raises Q1 2011 average forecast for U.S.

benchmark WTI CLc1 crude prices by

3.2 percent to $96 a barrel.
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Citigroup Raises 2011 Brent crude price forecast Mar. 7

to $105 from $90

Ups 2011 WTI price forecast to $94 a

barrel from $91.

Also raises 2012 Brent estimate to $100

a barrel from $90, and for WTI to $95

from $91.
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Commerzbank Raises Q2 2011 forecast for Brent Mar. 7

crude to $120 a barrel from $93
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ANZ Raises Q1 2011 forecast for Brent Mar. 7

crude to $110 a barrel from $98.

Ups WTI to $100 from $95 for the same

period.
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Goldman Sachs Raises Q2 2011 Brent crude forecast Mar. 8

to $105 a barrel from $100.50
--------------------------------------------------------------
BofA Merrill Raises Q2 2011 forecast for Brent Mar. 8

crude to $122 a barrel from $86

Sees yearly average price for Brent

at $108 a barrel, up from $88

Also sees yearly average for WTI crude

at $101 a barrel, up from $87
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(Compiled by Koustav Samanta and Ratul Ray Chaudhuri in
Bangalore; Editing by Marguerita Choy)