Oil seen at $200 a barrel

Now Goldman Sachs says $200 a barrel would not be out of reach if there were a “major disruption” to oil supply.

Goldman analysts Arjun Murti, Kevin Koh and Michele della Vigna were quoted by Dow Jones Newswires as saying that prices had advanced more quickly than the global investment banking and securities firm forecast back in 2005, when it predicted a range of $50 to $105 a barrel as part of its “super-spike” oil theory.
“As the lack of supply growth and price-insulated non-OECD (Organisation for Economic Cooperation and Development) demand suggest a future rebound in US gross domestic product growth or a major oil supply disruption could lead to $150 to $200 a barrel oil prices,” Goldman said.

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