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Soaring gas sinks Goldman’s view of retailers

Started by calm_girl, May 16, 2008, 06:42:19 PM

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calm_girl

Soaring gas sinks Goldman's view of retailers
      


What does gas at $4.50 a gallon mean for some mall-based department stores?
A downgrade by Goldman Sachs.
Goldman sharply raised its forecast for oil prices in the second half of this year, saying it expects U.S. crude to average $141 a barrel, up from a previous projection of $107. Goldman also forecasts prices will rise further [...]
         

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