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Wall Street giants see oil rising (suprise, suprise)

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Fire Walk With Me Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-05 05:50 PM
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Wall Street giants see oil rising (suprise, suprise)
http://news.bbc.co.uk/2/hi/business/4165350.stm

Wall Street giants see oil rising

Wall Street giants Goldman Sachs and Merrill Lynch have revised upwards their predictions for the price of oil.

Oil prices rose to a record of $67.10 a barrel last week on supply and refinery worries and there are fears that prices will not fall and may go even higher.

US light crude will cost an average of $67 per barrel this year, $13.50 higher than a previous forecast, Goldman said.
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