Jan. 19 (Bloomberg) -- Goldman Sachs Group Inc. commodity analyst Jeffrey Currie said he expects a “swift and violent rebound” in energy prices in the second half of the year.
Oil prices may have reached their lowest point already, after falling to $32.40 in mid-December, and are expected to rise to $65 by the end of this year, the analyst said. There is scope for a “new bull market” in oil, Currie said.
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Tuesday, January 20, 2009
Goldman Sachs Analyst Expects "Swift, Violent" Oil Rebound in Late 2009
Labels:
bloomberg,
oil bull market,
oil futures,
oil supply and demand
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