Livesquawk reporting

  • 2015 Brent crude forecast down to $53.7 per barrel, 2016 down to $49.50
  • 2015 WTI forecast to $48.1, 2016 down to $45.00
  • cites global crude surplus
  • sees growing potential for prices to fall near $20 per barrel

Very bearish call by Goldmans but understandable given current fragile global scenario

What do our oil traders out there make of it?

Brent crude currently $48.84, WTI $45.70