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