BLBG: Oil, Metals to Rebound in 2010 After Price Slump, Goldman Says
By Chanyaporn Chanjaroen
Dec. 12 (Bloomberg) -- Oil and copper will recover from a slump in 2010 as production cutbacks will create “damage to long-term production potential,” Goldman Sachs Group Inc. said.
New York-traded crude will rebound to $65 a barrel in 12 months after sliding to $30 in the next quarter, analysts including Jeffrey Currie in London said in a report yesterday. Copper on the London Metal Exchange will climb to $3,200 a ton after a drop to $2,700 a ton, they said.
To contact the reporter on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net.
