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Goldman's call that the gap in price between Brent and West Texas crude would shrink by more...

Goldman's call that the gap in price between Brent and West Texas crude would shrink by more than half by year's end looks increasingly in doubt, as an oversupply of light sweet crude from the Gulf into Cushing could could cause spreads to widen further. But "lots of factors" tend to indicate the Cushing glut may be nearing an end, so Goldman's error could be in the timing, not the end result.
Comments (1)
  • "Goldman's Erro" is only an error to their muppets. For the house, they got people to sell the spread, and Goldman just felt obligated to "facilitate" them knowing full well from their analysis that anyone who followed the recommendation would get their head handed to them.

     

    Doing god's work. It is just just like passing the collection plate.
    29 Aug 2012, 07:45 PM Reply Like
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