{"id":701,"date":"2014-10-27T09:07:47","date_gmt":"2014-10-27T13:07:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=701"},"modified":"2014-10-27T09:07:47","modified_gmt":"2014-10-27T13:07:47","slug":"wti-crude-tumbles-under-80-following-goldman-downgrade-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=701","title":{"rendered":"WTI Crude Tumbles Under $80 Following Goldman Downgrade | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-10-27\/wti-crude-tumbles-under-80-following-goldman-downgrade\">WTI Crude Tumbles Under $80 Following Goldman Downgrade | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">While large shifts in positioning precipitated a sell-off in oil prices that far exceeded the actual weakening in fundamentals,\u00a0<strong>Goldman Sachs&#8217; confidence in a 2015 oversupplied global oil market has increased<\/strong>. As a result, they have brought forward their medium-term bearish oil outlook (WTI crude oil forecast is\u00a0<strong>$75\/bbl for 1Q15 and 2H15<\/strong>\u00a0(from $90\/bbl previously)). WTI just broke below $80 back to June 2012 levels once again as Goldman also downgraded the entire oil service space (happily buying up muppets&#8217; positions as they sell).<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/10-overflow\/20141027_WTI.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/10-overflow\/20141027_WTI_0.jpg\" alt=\"\" width=\"600\" height=\"391\" \/><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><em>As Goldman Sachs notes,<\/em><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI Crude Tumbles Under $80 Following Goldman Downgrade | Zero Hedge. While large shifts in positioning precipitated a sell-off in oil prices that far exceeded the actual weakening in fundamentals,\u00a0Goldman Sachs&#8217; confidence in a 2015 oversupplied global oil market has increased. As a result, they have brought forward their medium-term bearish oil outlook (WTI crude [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[376,588,589,592,596],"class_list":["post-701","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-goldman-sachs","tag-oil","tag-oil-demand","tag-oil-price","tag-oil-supply"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=701"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/701\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}