Goldman Sachs forecasts that the US crude oil price for 2015 will average $48.10, revised down from its previous estimate of $52
Goldman Sachs forecasts that the US crude oil price for 2015 will average $48.10, revised down from its previous estimate of $52. The outlook for 2016 is more drastic, down from $57 to $45. The bank’s economists believe that continued high output and weakness in China’s economy will exacerbate the global supply glut, forcing prices lower. Oil prices fell 2 per cent overnight.
