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Goldman Sachs: Oil slide will not stop before USD 20

The bottom is still a long way off, warns US-based investment bank Goldman Sachs. The price could end as low as USD 20.

Photo: Weatherford PR

The price of oil has already plummeted dramatically and looks set to slide all the way down to USD 20 - but then no further, projects investment bank Goldman Sachs according to cnbc.com.

On Friday afternoon, a barrel of US WTI crude oil cost USD 35.26, and the oil price is thus approaching the lowest level since the financial crisis.

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