RSS Updates
Email Updates
It took Goldman Sachs (GS) long enough to raise its target price for oil to $85. The investment bank waited until crude was close to $70 after a fairly fast increase from under $40 just a little over three months ago.
The price of crude has quickly become the largest threat to the economic recovery and if it goes well above $80, it is hard to imaging the it will not effect consumer spending and margins at many businesses.
Douglas A. McIntyre
Buzz up!
Digg
Fark
Facebook
Tip'd
