NEW YORK (Bloomberg) -- Goldman Sachs Group Inc. says it’s losing confidence in its forecast that Brent crude will recover to $100/bbl next year. While the Wall Street bank is maintaining its projection for now, it says that a lack of signs of accelerating global economic growth and uncertainty over OPEC’s production plans amid rising Libyan output are weakening its conviction. Brent, the benchmark for more than half the world’s oil, closed at $93.42/bbl on Oct. 2, the lowest in more than two years.
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Goldman losing faith in $100 Brent as WTI spread seen wider
![Goldman losing faith in $100 Brent as WTI spread seen wider]()
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