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Goldman Sachs: WTI to average $35 a barrel in Q2

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In its latest report, Goldman Sachs noted that WTI oil at $ 35 is ideal to make investments in the US explorers’ stocks.

    Key Headlines:

    Oil at $35 a barrel (WTI) is right to make shares of U.S. explorers worth buying

    Price of crude at that level is above cash costs of production ... but would deter a rebound in shale output from occurring too early

    Forecasts:

    WTI to average $35 a barrel in Q2

    $38 for 2016

    $57.50 for 2017
    For more information, read our latest forex news.
     

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