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Future Oil Prices |
QueenChoux |
08/18/05 |
Goldman Sachs Group Inc., the third- biggest U.S. securities firm by market value, raised its oil forecast for next year to $68 a barrel and said crude will stay at about $60 for years to come.
Goldman increased its projection for New York prices for 2006 from $55 a barrel. The forecast for $60 oil for the ``long term'' was raised from $45 because companies aren't investing enough in new supply, according to the Aug. 17 report from the firm's commodity research analysts, including Steve Strongin in New York and Jeffrey Currie in London.
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