*Fyi, Goldman Sachs through its subsidiary J. Aron & Co, is one of the biggest oil speculator in the world, so I'm not surprised (last year they bet on $200 oil). I will beat GS and prove their prediction is wrong. Oil could be as low as $35/barrel eoy.* * * *Elaine** * On Thu, Jul 30, 2009 at 8:31 AM, Rei <highwaysta...@gmail.com> wrote:
> > > > > ------Original Message------ > From: Bagus AAA > To: EQUITY > Subject: FW: (BN) Oil Will Reach $85 a Barrel, Decline Is Temporary, > Sent: Jul 30, 2009 08:25 > > > > good morning all, oil fell 5.8% yesterday > > > +--------------------------------------------------------------------------- > ---+ > > Oil Will Reach $85 a Barrel, Decline Is Temporary, Goldman Says > 2009-07-30 01:09:46.957 GMT > > > By Yee Kai Pin > July 30 (Bloomberg) -- Goldman Sachs Group Inc. said it is > maintaining its forecast that West Texas Intermediate crude oil > will reach $85 a barrel by year end as the recent weakness in > market fundamentals will be temporary. > Oil demand will be supported by stabilization in U.S. > industrial activity and a positive outlook for China's economic > growth, the bank said in a report today. > "Concerns over economic growth and weak oil statistics led > a commodity sell-off yesterday," Goldman analysts, led by > London-based Jeffrey Currie, said in a report. "However, we > believe most of these drivers are less negative than they first > appear." > Oil fell 5.8 percent yesterday, the biggest drop since > April, after weekly U.S. government data showed an unexpected > increase in crude inventories. Futures for September delivery on > the New York Mercantile Exchange traded 28 cents lower down at > $63.07 a barrel at 8:55 a.m. in Singapore. > > For Related News and Information: > Top oil stories: OTOP <GO> > Oil markets menu: OIL <GO> > > --Editor: Clyde Russell, Ang Bee Lin. > > To contact the reporter on this story: > Yee Kai Pin in Singapore at +65-6311-2472 or > kye...@bloomberg.net > > To contact the editor responsible for this story: > Clyde Russell at +65-6311-2423 or crusse...@bloomberg.net > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ > ~~~ Message has scanned by AAAS Mail Security Gateway ~~~ > ~~~ No virus found in this incoming message ~~~ > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ > > > > Sent from my BlackBerry® > powered by Sinyal Kuat INDOSAT > > > > >
