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18 October 2012

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

http://in.reuters.com/article/2012/10/18/goldman-crude-research-idINDEE89H0A120121018

      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.
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