| The meeting of oil producing nations scheduled at the end of the week in Doha was unlikely to result in a "bullish surprise" for oil prices, Goldman Sachs has warned. The investment bank said there was a very low chance that the 17 April meeting could result in a freeze of oil production that is required to lift global prices of the commodity, which has fallen more than 70% since June 2014.
Oil prices would maintain its earlier price forecast of $35 (£24.58, €30.68) per barrel in the second quarter, it added...............................................Full Article: Source
|