Goldman Sachs analysts predict lower oil price in the future

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Source: Marketwatch
© Scanpix/Reuters
Analysts from the leading investment bank Goldman Sachs prepared estimations, which forecast a lower oil price for 2013 and 2014 and warn oil companies that it will be harder to hit their business growth targets. GS's forecasts say that the average price of Brent crude oil will be around $110 a barrel next year and $105 in 2014, comparing with an estimation of $120 for 2012. Previous estimations were $130 and $85 for 2013 and 2014, respectively.
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