Washington, June 4 news, the world's oldest and one of the largest bank of Goldman Sachs in a report today that Goldman Sachs recently put its 2009 forecast for oil prices from 65 U.S. dollars a barrel to each 85 U.S. dollars a barrel and the end of next year forecast oil prices to 95 U.S. dollars a barrel.
June 3, the oil from the United States in December last year the past 5 years the lowest point since risen to 32.40 U.S. dollars a barrel over the past 7 months to a new high of 69.05 U.S. dollars a barrel.
Goldman Sachs said that due to economic stability and continue to cut OPEC oil supply, the company expects second half of this year oil prices will continue to rise. Since September last year, OPEC members have agreed on production by 4.2 million barrels of oil, but OPEC has so far completed 80% of the production target, these factors have contributed to rising oil prices. However, even if OPEC to increase oil production next year, but due to the lack of investment, may be next year's supply is still insufficient.
Source: www.in-en.com Jun. 5, 2009
