Feb 07, 2011 (Trend News Agency - McClatchy-Tribune Information Services via COMTEX) -- After a prolonged growth since the beginning of last week, world oil prices slightly fell on the backdrop of the U.S. Dollar strengthening against the euro.

Concerns increase day by day about the risks of political unrest in major oil-exporting countries, which may lead to a significant increase in hydrocarbon prices. However, many Western analysts believe these fears are exaggerated and that a significant increase in oil prices will not be in the next two years.

Analysts at the U.S. investment bank Goldman Sachs believe the impact of riots in Egypt and Tunisia, none of which is a major oil exporter, is exaggerated. The bank expects the price of WTI in 2011 to amount to $100 per barrel and $110 per barrel in 2012.

According to analysts at Capital Economics, the price of oil will fall again in late 2011, on the backdrop of the decline in the world demand for hydrocarbons.

The British analysts expect the price of Brent to hit $85 by late 2011 and $75 per barrel by late 2012.

In the first quarter of 2011, analysts predict the price of Brent at $100 per barrel, in the second quarter -- $ 95 per barrel, and in the third quarter -- $ 90 per barrel.

According to forecasts of the German Deutsche bank, an average oil price in 2011 will amount to $87 per barrel compared to $80 per barrel the bank predicted earlier. The bank improved forecasts due to expectations of rapid growth in world oil demand.

Analysts at one of the largest U.S. banks, JP Morgan Chase, also raised forecasts for the price for Brent and WTI in 2011 and 2012. This year, analysts forecast an average price of WTI at $93 per barrel and Brent at $95 per barrel. In 2012, the average price of WTI, is projected to reach $104 per barrel and Brent -- $ 105 per barrel.

The U.S. Energy Information Administration (EIA) forecast the average price for WTI at $93 per barrel in 2011 and at $98 per barrel in 2012.

Forecasts on oil prices for 2011-2012:

2011

2012

Goldman Sachs

100 (W)

110 (W)

Capital Economics

85 (B)

100 (I quarter )

95 (II quarter)

90 (III quarter)

75 (B)

Deutsche Bank

87 (B)

-

JP Morgan

93 (W)

95 (B)

104 (W)105 (B)

EIA

93 (W)

98 (W)

W -- WTI

B -- Brent

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