• Goldman Sachs Still Says Brent Crude Oil Will Hit $80 By Year's End

    14 days ago - By Fortune

    U.S. oil prices are at a six-month low and saw an especially sharp drop in October. Record production in the U.S. and an agreement by OPEC to raise supply may be responsible. But the bank Goldman Sachs says there are reasons to believe that prices for a barrel of Brent crude oil will rise above $80 before the end of the year, according to OilPrice.com .
    Many sources, such as oil trader Vitol , have been predicting weaker demand as trade wars harm businesses and create uncertainty and emerging markets suffer from a strong dollar.
    But Goldman figures China is outpacing other emerging markets...
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