Wall Street predicts Oil to reach $40

Source: Bloomberg
The US gauge crude price dropped below $45 and almost $60 since June 2014. According to Goldman Sachs Group Inc. the West Texas Intermediate should control the price near $40 during the first month of 2015 to curb investments in new reserves that could provoke the surplus. Meanwhile, prices could decline further, checking whether the US shale drillers could continue pumping.
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Thu, 15 Jan 2015 14:42:08 GMT

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