Goldman Sachs Thinks Oil Could Fall To $30 On Weak Fundamentals and Inventory Build

Posted: January 12, 2009 at 9:25 am

Analysts at Goldman Sachs said weak fundamentals will dominate the oil market and high inventories could result in oil prices as low as $30 per barrel this quarter.

Goldman said inventories are likely to rise to a 10-year high in the next two months

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