Goldman Sachs Thinks Oil Could Fall To $30 On Weak Fundamentals and Inventory Build
Analysts at Goldman Sachs said weak fundamentals will dominate the oil market and high inventories could result in oil prices as low as $30 per barrel this quarter.
Goldman said inventories are likely to rise to a 10-year high in the next two months.
The firm is maintaining their year-end oil price target of $65 per barrel.
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santosh on Jan 14, 2009 02:04 PMno