Goldman Sachs: Oil Prices Still Set To Hit $140 ...Middle East

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Goldman Sachs: Oil Prices Still Set To Hit $140
Oil prices may be dropping, but oil is still headed for $140 per barrel, Goldman Sachs told CNBC on Thursday, and could even hit $140 in the face of a recession. “$140 is still our base case because, unlike equity, which are anticipatory assets, commodities need to solve for today’s mismatched supply and demand,” energy analyst Damien Courvalin said, who compared today’s market to the recession in 2008. At that time, oil prices rallied even during the first six months of the market downturn, bolstered by tight supplies as…

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