FXStreet (Edinburgh) - According to Goldman Sachs Global Investment Research, further decline in crude oil prices remain on the cards. Key Quotes “Our Commodities team remains bearish on industrial metals, and has flagged a downside risks to their forecasts for crude oil in the near term given the high level of inventories”. “Should this risk materialize, this would drag headline inflation down, masking the acceleration in core CPI; hurt the RUB and MXN; amplify credit risk in US HY in other large oil producers; and, more broadly, increase risk premium across assets”. “Ultimately, one should not lose sight of the fact that lower energy prices represent, over the medium term, a transfer of savings towards advanced economies”. For more information, read our latest forex news.