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Goldman Sachs: Oil prices may drop below $20/barrel

by ChemOrbis Editorial Team -
  • 09/02/2016 (15:47)
According to media reports, Goldman Sachs stated that oil prices may fall below $20/barrel, claiming that the efforts to balance supply and demand makes prices more volatile.

Goldman also said that oil prices will stand between $20-40/barrel over the next six to nine months as stronger output from OPEC countries and resilient shale production in the US continue to put downward pressure on oil prices.
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