Goldman Sachs: Forget The Funds, It's Project Costs Driving Oil
Adam Smallman, Dow Jones Newswires, CNN Money, 04 Mar 2008LONDON -(Dow Jones)- OPEC's oil ministers may blame speculators for driving oil prices into record territory but Goldman Sachs (GS), whose S&P GSCI Commodity Index is the world's largest, said Tuesday that fundamentals, not speculators, underpin scorching crude prices. ... Read full article