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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chispas who wrote (35575)	8/19/2005 2:30:38 AM
From: mishedlo	Read Replies (1) of 116555

Goldman Sachs sees oil above 60 usd for five years - report Friday, August 19, 2005 6:03:49 AM afxpress.com LONDON (AFX) - Goldman Sachs, one of the biggest financial traders in the commodities sector, expects US benchmark oil prices to remain above 60 usd a barrel for the rest of the decade, the Financial Times reported In a report issued yesterday, the US bank says prices are not high enough to stimulate oil companies to invest more of their swelling cash reserves in new energy infrastructure

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