US crude surges to record high on Goldman forecast

gulfnews.com     May 17, 2008            

London: US crude shot to a record high near $128 on Friday after Goldman Sachs, the most active investment bank in energy markets, raised sharply its forecast for prices. US crude (WTI) hit a peak of $127.82 and was trading at $127.30, up $3.18, by 1513 GMT. Brent was $3.16 higher at $125.79.... [read full story]                

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