| 04.12.2009 - Goldman expects crude oil to average $110 in 2011 |
| From Bloomberg: Goldman Sachs Group Inc. expects crude oil to average $110 a barrel in New York in 2011 as demand from developing markets exhausts spare capacity, the bank said in its Commodities Outlook today. West Texas Intermediate oil will average $90 a barrel next year with prices rising toward the end of 2010, the New York- based bank said. Crude oil traded near $76 on the New York Mercantile Exchange today..................................Full Article: Source |