Home Breadcrumb caret Economy Breadcrumb caret Economic Indicators Breadcrumb caret Investments Breadcrumb caret Market Insights Goldman Sachs slashes oil outlook Goldman Sachs cut its oil price outlook on Friday, due to global oversupply that may persist until 2016. By Staff | September 14, 2015 | Last updated on September 14, 2015 1 min read Goldman Sachs cut its oil price outlook on Friday, due to global oversupply that may persist until 2016, reports Reuters. It adds, “Goldman lowered its 2016 forecast for U.S. crude to $45 a barrel, from $57 previously, and Brent to $49.50 from $62.” Find out more. Also read: Can energy rescue the TSX? Benefit from the Goldilocks environment How $40 oil will impact the U.S. economy Correlation high between Canada, emerging markets Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo