Goldman sachs predicts oil price could drop to 20 per barrel

I think there may be some confusion here. Goldman Sachs, a leading investment bank and financial services company, has not predicted that oil prices could drop to $20 per barrel.

In fact, Goldman Sachs has been one of the most bearish banks on oil prices in recent years, predicting that prices would remain low due to oversupply and weak demand. However, their predictions have not been as extreme as a price drop to $20 per barrel.

According to a report by Bloomberg, Goldman Sachs' analysts have been predicting that oil prices will remain around $50-60 per barrel in the near term, citing factors such as a global economic slowdown, increased shale oil production, and a lack of significant supply disruptions.

It's worth noting that oil prices have been volatile in recent years, and predictions about future prices are inherently uncertain. While Goldman Sachs and other analysts may have made predictions about oil prices, it's important to take these predictions with a grain of salt and consider multiple sources of information before making investment decisions.

If you're looking for more information on oil prices or predictions from reputable sources, I'd be happy to help you find some reliable sources!