13.10.2008 - Crude prices could fall to $50 a barrel: Goldman Sachs
From Indiatimes.com: Goldman Sachs, one of the two biggest commodity traders on Wall Street, dramatically cut its price forecasts across oil, base metals and grains on Monday, warning that crude prices could fall as a low as $50 a barrel. "We have underestimated the depth and duration of the global financial crisis and its implications on economic growth and commodity demand," its commodity markets research team lead by Jeffrey Currie said in a report dated October 13..... Full Article: Source
Print