Oil Prices Down Almost $6 Over Last Two Days

Goldman Sachs (GS) rocked oil markets for a second day on Tuesday by calling for a near $20 fall in the price of Brent crude oil in the coming months, saying speculators have pushed prices ahead of fundamentals. It was the second warning of a steep market reversal from the long-term commodity bull in as many days, after it recommended clients close a trade on Monday heavily weighted towards U.S. crude futures. Oil prices have shed almost $6 a barrel since Monday's open. Traders and analysts said the bank can have an out-sized influence on commodities, given the insight and reach of its global trading arm J. Aron and history of being one of the first banks to predict $100 oil last decade. Continue reading the article.