Goldman Sachs said in a research note published yesterday, Australian time, there were signs that demand for oil was softening in the world’s largest market, the US, and that the price had peaked for the time being.
Travel firms are in a surge as Goldman calls end of oil boom
Is the commodities boom petering out? Goldman Sachs reckons so, its prediction contributing to a drop in the price of oil and metals today as speculators pocketed profits. Read More...
Goldman Sachs turns bearish on oil
The bank's chief energy analyst, David Greely, forecast a ''substantial" correction in the oil price, adding Brent oil may drop more than $US15 to $US105 a barrel. Read More...
What Japan’s post-quake data say so far
But as Goldman’s Tokyo economic team (rightly) highlights in a Monday note, data that could be useful in gauging the state of the Japanese economy since the earthquake is still woefully limited. Read More...
Crude's retreat hits share prices
Selling pressure on energy trading desks intensified after the International Energy Agency warned prices above $100 a barrel have hurt global demand for energy and investment bank Goldman Sachs recommended investors cash in their commodities bets. Read More...
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