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Goldman Sachs: Oil Could Spike to $105
Business News; Market Researchntbktrader writes: Reuters via MSN Moneycentral

LONDON (Reuters) - Oil markets have entered a ``super-spike'' period that could see 1970's-style price surges as high as $105 a barrel, investment bank Goldman Sachs said in a research report.

Goldman's Global Investment Research note also raised the bank's 2005 and 2006 New York Mercantile Exchange crude price forecasts to $50 and $55 respectively, from $41 and $40.

These forecasts sit at the top of a table of predictions from 25 analysts, consultants and government bodies surveyed by Reuters.

More at MSN Moneycentral

Posted on Thursday, March 31 @ 08:12:21 PST by BabyPeanut
 
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Re: Goldman Sachs: Oil Could Spike to $105 (Score: 1)
by mididoctors on Thursday, March 31 @ 08:24:56 PST
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where do they get these figures from? $105?

why not 104 or 106...

are they moving in units rounded of tp $5.. the post says they had a forecast of $41 revised...

total mumbo jumbo?

Boris
london



Re: Goldman Sachs: Oil Could Spike to $105 (Score: 1)
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