Bernstein Research hikes 2012 Brent forecast from $90/b to $105/b

For the year to date, Brent has averaged $115.40/b, "making it unlikely that our previous forecast of $90/b average for the year can be reached," Bernstein said Friday in a note. "We therefore increase our 2012 estimate for Brent to $105/b and for WTI to $95/b, maintaining a $10/b differential."