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Goldman Sachs revises a range of its views on the oil market, downgrading Royal Dutch Shell...

Goldman Sachs revises a range of its views on the oil market, downgrading Royal Dutch Shell (RDS.A) to Sell from Neutral ahead of an expected end to the decade-long growth in oil prices. Goldman also cuts its crude price forecasts for 2013-14 while warning that the price OPEC members need to balance their budgets will rise to $100/bbl by 2015 from $90 now. Shares -1.4% premarket.
Comments (3)
  • blueice
    , contributor
    Comments (3006) | Send Message
     
    Is it time OPEC members to declare, budgetary Jihads ?

     

    I am checking with my iman right now...
    18 Oct 2012, 09:09 AM Reply Like
  • luhen
    , contributor
    Comments (77) | Send Message
     
    GS is dead wrong on oil prices...
    18 Oct 2012, 11:20 AM Reply Like
  • User 931293
    , contributor
    Comments (253) | Send Message
     
    GS is a bunch of greedy bas..tard......looking to get them cheap when dividend date is just around the corner......and also demand for crude...& gas will more than double in the next 25 years.....

     

    keep listen to GS folks...but like Cramer....When they say sell...you buy....and add more dividend to your pocket....when you pay at the pump....you get the dividend in return....
    20 Oct 2012, 10:43 PM Reply Like
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