16.09.2011 - Goldman Sachs forecasts oil price to hit 130 USD in 12 months
Goldman Sachs analysts said on Thursday it expects the price for Brent crude to rise to 130 U.S. dollars a barrel in 12 months from now despite the uncertainties in the global economy. Speaking at a press briefing in Singapore, the investment bank' s senior commodities analyst Allison Nathan said the growth in the developed economies will be weak but the emerging economies are expected to make up for the weakness in demand for commodities..............................................Full Article: Source
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