Goldman said the sharp rebound in oil prices can not be

March 2005 the first to call for international oil prices entered a "super-period surge," Goldman Sachs analyst Arjun Murti (Arjun Murti), said, as demand will decline, the continuing rise in oil prices is not possible. Arjun Murti and other energy analysts in a research report this week said the global economic outlook as a result of the continued pessimism, oil prices are unlikely to rebound sharply. He maintain oil prices in the fourth quarter of 2008 to an average forecast of 120 U.S. dollars in the same, but admitted that the recent decline in oil prices and the current trend of decline in the global economy than before, making the possibility of a decline. "In the global GDP is expected to bottom, it seems that more and more oil can not be sustained a sharp rebound." Goldman Sachs said in the report, "Although we believe that the fundamentals of supply and demand of crude oil is not as bad as the market sentiment, but we Recognized that global oil demand growth in the number of on-going concern. " Arjun Murti in March 2005 that the first oil into the "super surge", when he expected oil prices in 2009 will reach 105 U.S. dollars / barrel, in May this year, Murthy has forecast oil prices in the future Six months to 2 years to reach 150 U.S. dollars per barrel to 200 dollars. Murthy developed a "super-surge" theory, that the global demand for crude oil continued strong, while supply growth pace as oil prices jumped sharply into the stage. Last month, Murthy and its stock analyst research team reduced its 2008 and 2009 oil price forecast. They will be the 2009 oil price forecast from 140 U.S. dollars / barrel down to 110 U.S. dollars / barrel, the price of crude oil in 2008 from the estimated 119 U.S. dollars / barrel down to 115 U.S. dollars / barrel. For fear that the global economic slowdown will reduce demand for crude oil, the international crude oil prices this year, from July 11 record high of 147.27 U.S. dollars / barrel continued to decline, dropping by 40 percent, forcing many of the international investment bank to lower its prices The forecast. This week, Societe Generale and UBS also lowered its forecast oil prices this year and next year. UBS to the United States next year on lower crude oil prices forecast 15-105 U.S. dollars / barrel, and the Industrial Bank of France will be next year's oil price forecast from the previous 120.42 U.S. dollars / barrel to 114.17 U.S. dollars / barrel, also at the same time this year The forecast from 113.78 U.S. dollars / barrel to 111.21 U.S. dollars / barrel.