Goldman Sachs Warn Oil Prices May “Undershoot” $39

Wednesday, January 14, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/14/2015

Just two short days ago, Goldman Sachs’ significant oil downgrade targeting $40/bbl for most of 1H15 shocked the market. This morning, Jeff Currie – the author of the report – appeared on Bloomberg TV to explain his call for a “new oil order” that has been “fundamentally changed by Shale.” Most telling though, Currie warns Tom Keene, crude oil may fall below bank’s six-month forecast of $39 a barrel and future rallies could be thwarted by the speed at which any lost shale output can recover… “you can always undershoot to the downside.”

The Rest…HERE

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