GOLDMAN: Oil Is Going To $39
MYLES UDLAND
BusinessInsider.com
JAN. 12, 2015
$39!
In a new note, Goldman Sachs analyst Jeff Currie takes his six-month price forecast for West Texas Intermediate crude oil to $39 from $75 in a radical new outlook on the price of crude oil.
The $39 target is eye-catching, but Currie also takes his target on both Brent and WTI over the next 3, 6, and 12 months radically lower.
For WTI, Currie sees pricing falling to $41, $39, and $65 over the next 3, 6, and 12 months, respectively. This is down from $70, $75, and $80.
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