 鲜花( 88)  鸡蛋( 0)
|

楼主 |
发表于 2015-9-11 09:37
|
显示全部楼层
* C; w9 D* J0 u" R! i) bBy Barani Krishnan
" @' \ z5 B; v- h
& B U1 k* Q* N. i7 }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.- C6 H4 k7 K2 d& b; F) d9 i
0 `/ k" u6 y- @. p, [
Joining 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 $62.1 z+ ] {# l5 g% y. h
& ]2 a0 y' D1 x9 J" n! M( g- V3 l4 e"The oil market is even more oversupplied than we had expected and we forecast this surplus to persist in 2016," Goldman said in a note entitled "Lower for even longer".
: k2 S X" v# v8 O# b5 b
( B2 | R$ K7 t$ E0 P1 z+ L8 n, z1 aCiting "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! i, @! F) `" w: q# U
5 Q7 s( Q4 S, z! {1 B( O# ostorage continues to fill."
l6 M% e; m y+ @
! E2 M8 j; f- f0 @U.S. crude futures' front-month contract <CLc1> was down $1, or 2.2 percent, at $44.92 a barrel by 11:54 a.m. EDT. i9 E% R! Y( V5 m$ g5 w) p7 c* `
3 [# J, s% q0 r8 e- B/ A
The front-month in Brent <LCOc1>, the global benchmark for oil, was off 70 cents, or 1.3 percent, at $48.19.
3 Z; X9 P9 _5 I$ W! q; A* P; c! o2 U/ L8 ?+ E8 A# l$ t
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.
' a" `# m4 o+ L* b- Z7 t
+ V* o# J- |, j' }7 B3 L, Q. 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.
" E2 }8 f( D+ W) y: W- u5 Z7 }
. p7 x* z: x, A. i, t! J m2 LCrude prices have more than halved over the past year, with Brent tumbling from nearly $120 a barrel in the middle of 2014 to below $43 last month. Prices collapsed as a global glut of crude pushed commercial and government inventories to all-time highs.0 W; _% d8 E9 T
R- K- F0 i* T
Analysts say the market is rebalancing, but high stocks will keep weighing on prices into next year.
6 l- n0 R/ `* h; B0 o$ m
, q7 M' L; l+ ]% G. D6 fGermany's Commerzbank said Brent was likely to trade at $55 by the end of 2015, and around $65 by end-2016.
% n# s3 U' w7 \5 i6 {/ K. ?9 Z2 |# z+ j( e9 g
Investors shrugged off a report from the Paris-based International Energy Agency, which advises the world's biggest economies on energy policy. The IEA said a move by the world's big oil exporters in OPEC, led by Saudi Arabia, to defend their market share by not reducing production, appeared to be working.
" X" h5 ?$ u# e4 Q
% s- O I9 E2 }7 y; i(Additional reporting by Lisa Barrington and Christopher Johnson in London and Meeyoung Cho in Seoul; Editing by Nick Zieminski and David Gregorio) |
|