oil-refinery

Goldman Sachs cut its oil price outlook on Friday, due to global oversupply that may persist until 2016, reports Reuters.

It adds, “Goldman lowered its 2016 forecast for U.S. crude to $45 a barrel, from $57 previously, and Brent to $49.50 from $62.” Find out more.

Also read:

Can energy rescue the TSX?

Benefit from the Goldilocks environment

How $40 oil will impact the U.S. economy

Correlation high between Canada, emerging markets

Originally published on Advisor.ca

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