Thursday, 10 September 2015

Goldman Sachs cuts oil price forecasts and sees potential for $20 per barrel.Good They are not saying it will become ZERO

  • 2015 Brent crude forecast down to $53.7 per barrel, 2016 down to $49.50
  • 2015 WTI forecast to $48.1, 2016 down to $45.00
  • cites global crude surplus
  • sees growing potential for prices to fall near $20 per barrel
Very bearish call by Go but understandable given current fragile global scenario
What do our oil traders out there make of it?
Brent crude currently $48.84, WTI $45.70

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