(A Seeking Alpha exclusive)
In notes published Monday, May 23, Goldman, reversing its commodity bear call just six weeks ago, boosted its year-end target for Brent by 20% to $120 per barrel from $105 and its 2012 forecast to $140 from $120.
The inspiration for Goldman’s new-found commodity bull? Ongoing supply disruptions in Libya and the belief that firm demand in emerging markets will eat into OPEC spare capacity. So everything all of a sudden changed 180-degrees in just six weeks. Really?......Full article FREE at Seeking Alpha
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