Goldman slashes 2015 oil price forecast as glut grows
(Reuters) - Goldman Sachs has slashed its 2015 oil price forecasts, making it the most bearish among major financial institutions, adding pressure on Monday to crude futures that have already tanked near 25 percent over the past five months.
NEW YORK, Oct 14 (Reuters) - Oil dived more than $4 a barrel on Tuesday, its biggest drop in more than two years as mounting evidence of slackening demand and unrelenting U.S.
Asian equities were mixed on Monday in holiday-thinned trade following a better-than-expected U.S. jobs report last week. Markets in China, Singapore, Malaysia, India and Indonesia are closed for a public holiday.
ECB to Start Bond Buys This Month
European Central Bank President Mario Draghi and the governing council are hoping that the measures they have already announced will be enough to return inflation to a healthier level.