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Goldman’s oil-trade reversal: Puzzle for investors

Posted on 27 May 2011

You know, a guy could get suspicious. Goldman Sachs reversed its commodity stance this week, particularly on oil and copper, a mere six weeks after reporting the huge headwinds of demand destruction, declining China growth and moderating Middle East and North Africa strife.
From setting a Brent crude target of $105 dollars, the London commodity team led by Jeff Currie has reversed course and set three-, six- and 12-month targets on crude of $115, $120 and $130 respectively……………………………………….Full Article: Source


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