Oil Prices Could Be Stuck At $50 by 2020: Goldman $GS $UWTI $DWTI $LINE $XOM

The price of oil could be stuck firmly at around $50 a barrel by 2020, a Goldman Sachs analyst told CNBC, raising new fears about the energy companies that have already started to cut costs, projects and jobs to cope with falling revenues.

Originally Aired: Alexandra Gibbs | Friday, 31 Jul 2015 | 10:25 AM ET
Original Link: http://www.cnbc.com/2015/07/31/oil-prices-could-be-as-low-as-50-by-2020-goldman-sachs.html



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