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Brent Drops Below $86
Energy

Brent Drops Below $86

Brent crude oil fell below $86 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth. The US investment bank said in a research note that it had cut its forecast for Brent to $85 a barrel from $100 for the first quarter of 2015, Reuters reported.

 

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