Weekend Edition: Goldman Sachs Updates 2012 Oil Price Forecasts

Goldman Sachs analysts must be smoking some good stuff as the investment bank reiterated its call less than a week ago for $130 per barrel of Brent Oil and $97.5 for WTI citing tight supplies in 2012. While we stand on the edge of a default AND a recession I would have imagined forecasts calling more for like $70 oil for both WTI and Brent.

The Greek crisis continues and all the political inaction is making things worse. The European political dysfunction dwarfs whatever we saw from the US for the budget crisis. How far will they let it go before some real action is taken?

PS. I am trying out a new anti-spam plugin, if your comment doesn’t show please drop me a note.

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Have a great weekend!

Related posts:

  1. Weekend Edition: Goldman Sachs Predicts a New High for Oil Prices by 2012
  2. Weekend Edition: Oil Price Will Continue Long-Term Rise – Shell CEO
  3. Weekend Edition: Goldman sees 2013 WTI OIL at $126
  4. Weekend Edition: Global Growth Forecasts Cut, Are We Double Dipping?
  5. Profiting from Goldman Sachs’s Woes