$20 Oil? Goldman Says It’s Possible
by Tyler Durden
ZeroHedge.com
09/11/2015
“While we are increasingly convinced that the market needs to see lower oil prices for longer to achieve a production cut, the source of this production decline and its forcing mechanism is growing more uncertain, raising the possibility that we may ultimately clear at a sharply lower price with cash costs around $20/bbl Brent prices.”
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