The Street -
12 Jan 2015 18:13
NEW YORK (TheStreet) -- Stocks moved off session lows by midmorning Monday, though energy stocks continued to drag on benchmark indexes following a forecast from Goldman Sachs that the commodity will remain lower for longer than expected. Crude oil for February delivery fell 3.7% on Monday to $46.55 a barrel. Among the investment banks cutting oil forecasts, Goldman Sachs analysts said crude would likely trade at $40 a barrel "for longer" as sector investment is curtailed and global demand-...
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