 鲜花( 88)  鸡蛋( 0)
|

楼主 |
发表于 2015-9-11 09:37
|
显示全部楼层
& B8 f, B/ W" Z( O* b7 U" N7 q
By Barani Krishnan3 W: @4 L+ [/ c# h
7 }7 T' O5 v- y! c9 yNEW 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.) L# o0 r* g4 S: h M
9 N% B0 c' J! T, z0 [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 $62.( e7 J5 D% A! J; l9 B5 [) U
4 O8 e8 { ?$ l5 |* W6 T4 L"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".
& o r( V7 ?3 G4 [
- o0 d5 i/ G5 T" S) W7 VCiting "operational stress" as a growing downside risk to its forecast, Goldman said crude could fall further to near $20 a barrel. "While not our base case, the potential for oil prices to fall to such levels ... is becoming greater as; r& C/ F8 Q' h! t3 H# l# L
/ }5 g5 I% Q* q3 Z7 _) A$ o* Q
storage continues to fill."
0 _! Q A8 e+ E$ q/ p7 L1 e' C+ G0 e' A0 B7 b0 O5 G0 ~- Q
U.S. crude futures' front-month contract <CLc1> was down $1, or 2.2 percent, at $44.92 a barrel by 11:54 a.m. EDT.
9 Y. }6 r o+ s, T' e/ K
1 x2 U1 A" O: ]! I$ ?The front-month in Brent <LCOc1>, the global benchmark for oil, was off 70 cents, or 1.3 percent, at $48.19.
% U) _5 Q+ M% K3 `& ]( f# J; n6 q c' I- H
Both crude benchmarks had fallen about 3 percent, before paring loses with stocks on Wall Street. The U.S. stocks have provided direction to oil over the last two weeks as investors grappled with mixed fundamentals for crude.
# @. r& l$ F+ I' F' g; }- r: {0 q
3 X4 e, r- R) z1 h) U: J5 vThe 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.5 o9 g+ A9 x& X4 R3 a8 N0 K
& x1 Y/ B5 w2 f; o _& R4 |" u
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 $43 last month. Prices collapsed as a global glut of crude pushed commercial and government inventories to all-time highs., G* ]. L8 j2 n( R6 m+ \
: |6 }; F( A1 l- B" w
Analysts say the market is rebalancing, but high stocks will keep weighing on prices into next year.1 i) ?/ M( X; l
& R: h- O% N$ r8 n# g( u E X
Germany's Commerzbank said Brent was likely to trade at $55 by the end of 2015, and around $65 by end-2016.
. a9 B, g8 ], }2 U
: d8 A3 x% @8 [, @( {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.
7 _. i, x) r/ c; {
1 |6 v9 [, b2 G2 G {, }1 W7 l(Additional reporting by Lisa Barrington and Christopher Johnson in London and Meeyoung Cho in Seoul; Editing by Nick Zieminski and David Gregorio) |
|