Q4 Oil Price Targets

Below we highlight strategist price targets for oil in the fourth quarter of 2008.  Goldman Sachs has been making news today with the reiteration of their $150 oil call, and as shown below, they're currently the most bullish strategist amongst participants in Bloomberg's strategist survey.  Overall, 24 out of 31 have a price target greater than the current price of oil, but it's important to note that these targets were all upped right as oil was peaking.  The average price target for Q4 is $121, while the median is $125.

 

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