GREY:LSTMF - Post by User
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bestioleon Nov 29, 2014 9:01am
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Post# 23176789
S. Arabia Is Comfortable With Lower Oil Prices, Not For Long
S. Arabia Is Comfortable With Lower Oil Prices, Not For Long
Goldman Sachs forecasts that WTI crude is likely to trade close to $70 a barrel next year rising to only $80 a barrel in 2016 with Brent crude closer to $85 and $90 respectively. Those would be substantially lower than the IMF's baseline.
Read more: https://www.businessinsider.com/saudi-arabia-comfortable-with-lower-oil-prices-after-opec-vote-2014-11#ixzz3KSxIHeR8