Goldman not-so-distant past forcasted $150-$200 boe
Crude oil was sharply lower at the time of writing despite the IEA predicting the "largest cut in non-OPEC supply in more than two decades" due to low prices, and as Goldman Sachs warned that crude could collapse to $20 a barrel due to massive oversupply. Twenty bucks isn't Goldman's most likely scenario but it's a nice dramatic number that generates lots of tweets, as were the forecasts by Goldman and others in the not-so-distant past that oil would hit $150-$200 a barrel. (Wall Street Breakfast)