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Oil could plunge to $20 in doomsday scenario, Goldman says - USA TODAY
USA TODAY | Oil could plunge to $20 in doomsday scenario, Goldman says USA TODAY Oil could plunge as low as $20 a barrel amid a glut of production around the world, Goldman Sachs analysts said Friday in a new report. That's a level not seen in more than a decade. "Although oil prices have revisited the lows of last winter, this ... Saudi Arabia doesn't see a need for an oil producer summit to defend prices Goldman Sachs raises the possibility that oil will fall to $20 a barrel US oil production seen tumbling, but low prices may hold on |
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