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Oil may hit USD 150 this summer-Goldman Sachs


Gulf News cited Mr Jeffrey global head of commodities research at Goldman Sachs while speaking at an oil and gas conference in Malaysia as saying that oil prices are likely to hit USD 150 a barrel this summer.

Mr Jeffrey Currie said "I would suggest that the likelihood of that happening sooner has increased tremendously sometime in summer. He said that demand for oil is weak but supplies are even weaker."

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