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Goldman sees oil surging to $85 by year end

LONDON - Goldman Sachs Monday forecast U.S. oil prices will surge to $85 by the end of the year, and said crude could climb as high as $90 due to tight supplies, according to Reuters.

Their estimate was $13 higher than its previous forecast, and came after oil's rally to a record high of $80.36 a barrel on Friday.

Posted by Peter C. T. Elsworth  at 9:36 AM to Crude oil market | Permalink

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