Goldman Sachs Sees `High Risks' of Further Oil Price Slump

  • Reiterates warning that crude could drop to $20 a barrel
  • Prices may need to move lower to trigger production cuts

Three Factors Impacting the Outlook for Oil

There are “high risks” that oil may fall even lower, with prices of $20 a barrel potentially required before enough production is shut down to rebalance global markets, said Goldman Sachs Group Inc.

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