At Goldman Sachs, the analysts who brought you the now-infamous forecast of crude oil hitting $200 (U.S.) a barrel in a “super-spike” have, um, trimmed their forecast to reflect the new realities surrounding crude. Now, Goldman Sachs predicts that oil will fall as low as $30 a barrel.
“If the call for $30 oil is as accurate as the call for $200 oil, investors may want to fill up their gas tanks and lock in their heating oil prices ASAP,” said Bespoke Investment Group.
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