Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
MW: Goldman slashes oil forecast as shale dominates
 
NEW YORK (MarketWatch) -- Goldman Sachs expects oil prices to tumble into the next year as shale gas production continues to expand and oil supply outstrips demand, the investment bank's researchers said in a note on Sunday. Goldman lowered its forecast for WTI crude to $75 per barrel in the first quarter of 2015 from $90, and cut its Brent expectations to $85 a barrel from $100. Oil prices have been on a prolonged slide in recent months amid a supply glut. The researchers expect prices to begin rising again in 2016 as production growth slows. "We now have higher confidence that a structural transition has been reached and that U.S. production growth needs to slow," the analysts wrote. Crude for December delivery CLZ4, -0.93% traded at $80.31 on Monday morning, while Brent for December delivery LCOZ4, -1.20% traded at $85.19.
Source