Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  Goldman Sachs Group Inc    GS   US38141G1040

Delayed Quote. Delayed Nyse - 07/02 04:00:35 pm
209.2 USD   -0.35%
09:03pDJWith Merger Deal, Aetna, Humana Get Ahead of the Pack
08:35pDJInvestors Brace for Big Moves in Wake of Greek Vote
08:30pDJAetna, Humana Get Ahead Of Pack
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Goldman Sachs Group, Inc. : Goldman Sachs Strategist : Oil Price Could Reach $150/Bbl in Summer

01/17/2013 | 11:01am US/Eastern

By Hans Bentzien

FRANKFURT--The price of oil could reach as much as $150 per barrel this summer, Goldman Sachs chief commodities strategist Jeff Currie said Thursday.

At this year's global strategy conference in Frankfurt, Mr. Currie that he thinks it possible the price may reach $150 a barrel for Brent oil.

He said he wouldn't be surprised "if we woke up in summer and oil cost $150" per barrel.

In December, Goldman's official forecast for 2013 was around $100 a barrel. Brent oil to be delivered in February at present costs $110, while WTI costs $94.

Mr. Currie pointed out that despite the boom in U.S. shale gas, the oil price remains high, which he attributed primarily to sanction-related supply disruptions in Iran.

Trying to compensate for this, Saudi Arabia has already increased its oil production to a 30-year high this year.

At the same time, Mr. Currie added that while global oil demand has increased at a slower pace, it is still higher than the production increases in non-OPEC countries.

Write to Hans Benztien at hans.bentzien@dowjones.com

React to this article
Latest news on GOLDMAN SACHS GROUP INC
09:03pDJWith Merger Deal, Aetna, Humana Get Ahead of the Pack
08:35pDJInvestors Brace for Big Moves in Wake of Greek Vote
08:30pDJAetna, Humana Get Ahead Of Pack
05:50pDJInvestors Brace for Big Moves in Wake of Greek Vote--Update
07/03 GOLDMAN SACHS : UK court appoints receiver in Libyan litigation
07/03 China market meddling risks denting Beijing's international ambitions
07/02 GOLDMAN SACHS : Judge rejects ex-Goldman, P&G board member's request to reverse ..
07/02 GOLDMAN SACHS : Judge rejects ex-Goldman board member's bid for exoneration
07/02 DEUTSCHE LUFTHANSA : Release according to Article 26, Section 1 of the WpHG with..
07/02 Boom times for healthcare mergers bring bankers 59 percent rise in fees
Advertisement
Chart
Duration : Period :
Goldman Sachs Group Inc Technical Analysis Chart | GS | US38141G1040 | 4-Traders
Income Statement Evolution
More Financials