Goldman sees crude at $45 by October

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Goldman Sachs

Crude oil up by 0.2% on overseas cues

Crude oil futures prices rose by 0.18% to Rs 3,919 per barrel today as speculators engaged in enlarging positions tracking a mixed trend in Asia.

Oil falls for a fifth day as Goldman sees crude at $45 by October

Futures dropped as much as 1.7 per cent in New York, extending a 2.4 per cent decline in the past four sessions

Bloomberg  

May 19, 2015 Last Updated at 22:12 IST

 

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Oil slid in New York for a fifth day as Goldman Sachs Group said a continuing surplus will send prices back down to $45 a barrel by October.

Futures dropped as much as 1.7 per cent in New York, extending a 2.4 per cent decline in the past four sessions.

Crude is poised to revisit earlier lows as producers' easy access to cash will prolong a surplus and weigh on prices later this year, according to Goldman Sachs.




source: http://www.business-standard.com/article/markets/oil-falls-for-a-fifth-day-as-goldman-sees-crude-at-45-by-october-115051901605_1.html