Goldman Sachs cut its oil price outlook on Friday, due to global oversupply that may persist until 2016.
Goldman Sachs cut its oil price outlook on Friday, due to global oversupply that may persist until 2016, reports Reuters.
It adds, “Goldman lowered its 2016 forecast for U.S. crude to $45 a barrel, from $57 previously, and Brent to $49.50 from $62.” Find out more.
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