 鲜花( 88)  鸡蛋( 0)
|

楼主 |
发表于 2015-9-11 09:37
|
显示全部楼层
8 C5 n: @) K4 S3 X" g5 VBy Barani Krishnan
% Y& \7 y, o7 A* y6 a0 x8 {( [: `# ^: l% C z3 t
NEW YORK (Reuters) - Crude futures fell on Friday after Wall Street's most influential voice in oil trading, Goldman Sachs, slashed its price outlook through next year, citing oversupply and concerns about China's economy.
% ]4 Y% J8 s" J% V1 ]
" r1 F9 U8 r: S, c# z& t; \: gJoining Germany's Commerzbank and a long list of other banks in cutting price projections, Goldman lowered its 2016 forecast for U.S. crude to $45 a barrel from $57 previously, and Brent to $49.50 from $62.$ |: D. ^/ b: s3 B% K) ^4 f" l, Y
# i, T% Z7 `0 G/ \- m+ V
"The oil market is even more oversupplied than we had expected and we forecast this surplus to persist in 2016," Goldman said in a note entitled "Lower for even longer".# c' ~, Y' X1 Q$ I, j
9 P/ ^4 b; r' V2 k& rCiting "operational stress" as a growing downside risk to its forecast, Goldman said crude could fall further to near $20 a barrel. "While not our base case, the potential for oil prices to fall to such levels ... is becoming greater as
2 h: U7 P" z6 F) F9 O# ^' @! j
' Y2 ^( R2 A+ ostorage continues to fill."
) L5 S. e9 E: t$ a5 \9 ?5 r( o: s! R: a F' s+ B0 ^, t+ K
U.S. crude futures' front-month contract <CLc1> was down $1, or 2.2 percent, at $44.92 a barrel by 11:54 a.m. EDT.# k4 _% d r. a1 \
/ P6 C% o4 y! o: UThe front-month in Brent <LCOc1>, the global benchmark for oil, was off 70 cents, or 1.3 percent, at $48.19.3 _: p: s; }9 K) P
$ {' N0 G. S5 V9 k$ W5 p
Both crude benchmarks had fallen about 3 percent, before paring loses with stocks on Wall Street. The U.S. stocks have provided direction to oil over the last two weeks as investors grappled with mixed fundamentals for crude.
( R2 Y; p6 O5 U3 A6 y) e0 H
$ h% _8 O- h; d3 hThe oil market is waiting next for a weekly reading of the U.S. oil rig count, due at 1:00 p.m. ET. The data will show for whether oil producers were cutting back on drilling as prices head lower again after a brief rebound in the second quarter.
" y* n! K* p1 L2 B# t4 i" q5 T1 @
Crude prices have more than halved over the past year, with Brent tumbling from nearly $120 a barrel in the middle of 2014 to below $43 last month. Prices collapsed as a global glut of crude pushed commercial and government inventories to all-time highs.
$ I) {& f: @' w% P. p( Z
v' M9 g! R i- D k& AAnalysts say the market is rebalancing, but high stocks will keep weighing on prices into next year.
, ?) S; A7 ?3 U* @% }- ]4 n) B4 \- d& e8 a4 k
Germany's Commerzbank said Brent was likely to trade at $55 by the end of 2015, and around $65 by end-2016.
$ _6 {" D! S8 n3 i" o- ^4 X0 H% H
! W6 I; a1 I2 H/ y' aInvestors shrugged off a report from the Paris-based International Energy Agency, which advises the world's biggest economies on energy policy. The IEA said a move by the world's big oil exporters in OPEC, led by Saudi Arabia, to defend their market share by not reducing production, appeared to be working.3 m* `* @1 Q9 O& S( O: {$ o
0 r7 G* V: A% w- I- D(Additional reporting by Lisa Barrington and Christopher Johnson in London and Meeyoung Cho in Seoul; Editing by Nick Zieminski and David Gregorio) |
|