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Oil prices: Who is right Lehman or Goldman. Lehman $100 while Goldman is saying $149 by end of 2008.

Asked by kunola2000

Posted in Interviews and Commodities

13 Aug 2008

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Answers (4)

  • time will tell. Goldman seems to be right on the fundamental factors, but the recent decline shows that supply/demand is only a part of the picture .. at least in the short term. If there's any military action in Iran, prices might go north towards Miller's prediction (250 oil)... but that's not in the original Goldman's analysis (re: super spike)

    sultankz 14 Aug 2008

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  • GS & MS hold more than 60% of global commodity trading. Is the scene more clearer now ?

    Trader 14 Aug 2008

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  • Hold more than 60% on behalf of their clients, who they've advised to diversify into oil. So what do you expect them to predicate??????

    Joe 14 Aug 2008

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  • I think Lehman are more accurate. I can only see dollar strengthening in the 3rd and 4th quarter putting downward pressure on oil. The economic growth is definitely slowing in US and EU. Oil reached its highs due to fear in the market. The subprime fear almost disappeared when merill sold its cdo i.e. people know where they stand now. Demand is slowing aswell. I dont see any bullish factors to support oil at $149 by the end of this year.

    Ash 15 Aug 2008

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