Societe Generale Raises 2012 Price Outlook For Crude Oil

Societe Generale SA SCGLY lifted its 2012 price outlook for crude oil. Societe Generale raised its price view for European benchmark Brent by $10.00 to $110 per barrel. It now expects American Nymex crude to average $103 per barrel. Societe Generale shares fell 0.45% to close at $4.42 yesterday.