Goldman Sachs Warns Oil to $95 by EoY
This is the highest estimate I have seen from a major bank for end-of-year crude oil prices:The key Middle Eastern members of oil cartel OPEC are under pressure
for an increase in production after a warning from Goldman Sachs that
prices could hit a peak of $95 a barrel by the end of the year.
Goldman Sachs said in a research note oil prices could reach $90 a
barrel this autumn and $95 a barrel by the end of the year if the
Organization of the Petroleum Exporting Countries does not ease
production cuts that have helped tighten global markets.
[via RTE Business]
