Goldman Sachs’ energy equity research team, which predicted a crude oil spike to $200 a barrel earlier this year, slashed on Friday its 2009 forecast to just $45 as demand deteriorates.
In a separate report, Goldman’s commodities research team also cut its 2009 forecast to an average $45 and predicted world oil demand would fall by 1.7MM bpd and help drive Crude Oil prices down to $30 a barrel in Q1 2009.
Popularity: 3% [?]
