| Goldman Sachs fell into line with other banks on Tuesday as it cut its 2012 Brent crude and copper price forecasts, on growing worries that the European financial crisis would restrain economic growth and curb global fuel demand.
The U.S. investment bank, known by some of its competitors as a 'perma-bull' for its relatively high commodity price forecasts, trimmed its 2012 Brent price estimate to $120 a barrel from $130 and cut its forecast for U.S. light crude, also known as WTI, to $109 from $123.50..............................................Full Article: Source
|