20.10.2010 - Oil heats up as bulls target $100-a-barrel price
From Ninemsn.com.au: Oil at $100 a barrel? Not as unlikely as it sounds, according to a note by Goldman Sachs, Wall Street's biggest commodities dealer. Helped by the dollar's recent tumble, crude prices have been rising fast. And, if Goldman is correct, oil will break the triple-digit barrier by the end of next year. The Goldman forecast, made as oil broke free of the $70 to $80 range in which it has traded for much of this year, is not based on expectations of what the dollar will do. The bank has founded its forecast on stronger-than-expected growth this year in oil demand..............................................Full Article: Source
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