Goldman Boosts '09 Crude Oil Forecast to $85, '10 Forecast to $95
With crude oil prices up nearly 29% since the beginning of May, energy analysts at Goldman Sachs raised their price forecast for oil this morning. Goldman now sees crude oil prices ending the year around $85, with the '10 estimate being pushed up to $95.
Crude oil closed yesterday's trading session around $66.94. Notably, since hitting a 7-month high of $69 on Tuesday, the price of crude oil has pulled back about 3%.
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