Blanch of Merrill Sees Oil at $80 in Fourth Quarter: Video

Francisco Blanch, head of global commodities research at Merrill Lynch & Co., talks with Bloomberg's Jeremy Naylor and Francine Lacqua in London about the outlook for oil prices, the impact of the U.S. economy on crude prices and demand for biofuels. Crude oil traded little changed below $80 in New York after an unexpected increase in U.S. stockpiles eased concern that supplies won't meet peak winter demand. (Source: Bloomberg) 00:00 Severe winter may lead to oil price record 00:40 Oil supply; sees $80 a barrel average 02:41 Impact of U.S. economy on oil price 03:51 Sees "large increase" in demand for biofuels 04:49 New biofuel index: sugar, corn, soybeans

Bloomberg | October 4, 2007

Tags:. .meet. .lead. .changed. .large. .source