29.10.2014 - Why the Drop In Oil Prices Caught So Many By Surprise
It’s not just Wall Street banks such as Goldman Sachs Group Inc. that got it wrong. Energy consultants and even the U.S. government didn’t foresee the sharp slide in oil prices, which have tumbled 25% since June. Goldman shocked the market yesterday with a call for U.S. prices to fall to $70 a barrel in the second quarter of 2015. Barclays just released its second price update in three weeks, and other banks are releasing lower forecasts at least monthly. What did they miss?..............................................Full Article: Source
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