CLEVELAND - Diversified industrial manufacturer Eaton Corporation announced that Alexander Cutler, Eaton chairman and chief executive officer, will speak at the Morgan Stanley Global Industrials Conference in New York City, September 1.
Morgan Stanley & Goldman Sachs Forecast $100-per-Barrel Oil in 2011
Goldman Sachs was the first to forecast a $100-plus-per-barrel crude oil price when the bank issued a research report last November, which called for a $110-per-barrel average price for West Texas Intermediate (WTI) crude in 2011. Morgan Stanley released a similar report in January and targets $95-per-barrel of WTI futures by December 2010, with an average price of $100 per barrel in 2011.