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USA*2014

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USA*2014

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Thursday, 06/04/2009 5:48:44 PM

Thursday, June 04, 2009 5:48:44 PM

Post# of 116865
Oil rises to new high for 2009
Oil hits new high for the year; near $70 a barrel on weak dollar and lower jobless numbers

Goldman Sachs is at it again,

Goldman Sachs boosted its forecast for benchmark crude based on expectations that the economy will stabilize and OPEC production cuts will shrink global supplies. It now expects oil to cost $85 a barrel by the end of the year, up from its previous estimate of $65 a barrel.

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