SUBSCRIBERS

Oil prices need to stay lower for longer to find equilibrium: Goldman

Published Mon, Jan 12, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    OIL prices have to stay lower for longer in order for the market to find an equilibrium. Goldman Sachs analysts said this on Sunday, as they cut their oil price forecast following a similar move by Societe Generale (SocGen) on Friday.

    "The search for a new equilibrium continues," said Goldman Sachs analysts.

    Copyright SPH Media. All rights reserved.