Goldman Sachs Sees ‘’Long-term’’ Oil Prices Below $60

By Zainab Calcuttawala Oil prices will settle in the $55-$60 range in the long term, according to Jeff Currie, the lead commodities researcher at Goldman Sachs, who spoke to Bloomberg this week regarding new developments in commodities markets. In the interview, Currie described a survey he conducted with oil industry leaders in Texas. He asked members of the Houston energy sector where they expected prices to go over the long term and they answered with consensus: somewhere between $55 to $60. Just a few years ago, the range would be a $50 band, he said, adding that…

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