Crude retreats from 32-month highs on Goldman Sachs report

Crude retreated from 32-month highs as Goldman Sachs warned again of a price reversal and key forecasters said expensive oil could erode demand.

April 13, 2011 / 11:31 IST

Crude retreated from 32-month highs as Goldman Sachs warned again of a price reversal and key forecasters said expensive oil could erode demand. Reports of rising US stockpiles also offset supply concerns in West Asian concerns.

first published: Apr 13, 2011 07:44 am

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