Goldman Sees WTI at $109 - Spread With Brent Narrowing

Yes please, says my portfolio of Canadian oil producers:

U.S. crude oil futures will hit $109 a barrel in 2012 as new pipelines, rail lines and other infrastructure help relieve bottlenecks at a central gathering hub in Oklahoma and carry more oil from Canada and the northern U.S. to refiners on the Gulf Coast and elsewhere, according to a Goldman Sachs forecast.

The prediction represents a drop from the investment bank's previous forecast of $123.50 a barrel and reflects the increasingly anxious outlook for the global economic recovery. The bank also trimmed its 2012 Brent price estimate to $120 a barrel from $130 amid growing fears of a European financial crisis.

http://fuelfix.com/blog/2011/10/04/goldman-sachs-u-s-crude-prices-at-109-in-2012/