RE:Goldman....bago wrote: back tracking now and say this deal could add 7-10 to the oil price but expects it to maybe pull back to 40-50 by next November MAYBE lol. So they forecasted a week ago and lowered it to 43 for 2016 but now and say they were talking averages since it may pull back. So now according to them we could see a 10 increase by 2016 which would put us to 58 and then lose12-15 by next year? Sounds to me like pulling numbers out of a hat!...mgba
https://www.businessinsider.com/an-opec-freeze-could-add-10-to-oil-prices-2016-9
https://www.admiral.news/en/news/economy/109451/goldman-sachs-opec-freeze-could-add-10-to-oil-prices#.V-_ddDt86j0
Not sure why people hang on their words so much still. They've called for $200+ oil. They've claimed that it was guaranteed tank tops would be hit in storage and we would be hitting $20 or lower because storage ran out. Now they're trying to predict exact prices a year+ out.
In the end, it's just about trying to manipulate to move the market to serve the bets they've made. Yet, people continue to hang on their every word as if the information they present is truth that they are simply going a public service to provide out of the goodness of their hearts.