All Posts Tagged With: "Goldman Oil Price Projection"

Goldman Oil Price Projection Blows Off Course As Oil Eases

The recent Goldman Sachs oil price projection that put oil at $200 a barrel looks a little less likely today, as the price of oil eased off its $126 a barrel record. Analysts say oil’s drop is due to a combination of profit taking and a strengthening of the dollar against the euro and the yen. This from Casey Research on oil’s recent highs:

There is this overwhelming reluctance to admit that we’re simply in a new paradigm for prices and short of a wholesale collapse of the global economy, prices just aren’t going to pull back to a $75 level for oil,” wrote Neal Ryan, of Ryan Oil & Gas Partners.

Receive These Valuable Investing Strategy Resources to Your Inbox Courtesy of Contrarian Profits

    Subscribe
We respect your privacy.
Choose any of the FREE subscription services below that you'd like to receive, enter your email address, and click 'subscribe'.
Contrarian Profits

The Daily Reckoning



Select Edition:
Penny Sleuth

Money Morning

Investor's Daily Edge

Money Morning UK

Investment U

Whiskey and Gunpowder

Taipan Daily

Offshore A-Letter

Today's Financial News

International Living

The Smart Profits Report

Spiritual Wealth