Crude Oil May Rise 35% in 2010, Morgan Stanley Says

(Bloomberg) — Crude oil may average 35 percent higher in New York next year and rise to $85 a barrel in 2011 as spending by governments boosts global demand, Morgan Stanley said in a report.

Benchmark crude futures on the New York Mercantile Exchange will likely average $48 this year and $65 in 2010, according to the report dated yesterday. Next year will mark the beginning of a recovery as governments

Governments in the world