Oil Rises on Goldman Forecast Hike

- May 24th, 2011

Reuters reports that on Tuesday, Oil surged after Goldman Sachs raised its price forecasts for Brent crude.

Reuters reports that on Tuesday, Oil surged after Goldman Sachs raised its price forecasts for Brent crude.

The market news is quoted as saying:

The U.S. July crude rose 77 cents to $98.47 a barrel, having pushed as high as $100.09 and back above its 100-day moving average of $98.80.

Click here to access the entire news

Tags

Leave a Reply