18 October 2012

USA / OIL : Super Bullish Goldman Sachs Slashes Brent To $110 for 2013.


     Commodity heavyweight Goldman Sachs...long super bullish on oil prices...has slashed its 2013 oil price target on Brent...from $130 to $110 bbl.
     However...longer term...it projects Brent to hover at the $90 level.
     Goldman now admits it was blindsided by USA's shale oil bonanza.