While you were sleeping: Wall Street slips with oil

Mon, 27 Oct 2014

By Margreet Dietz Oct. 28 (BusinessDesk) - Wall Street slipped as oil prices continued their slide, while the latest US economic data also lacked lustre though failed to alter the view that the economy is on firm footing. Goldman Sachs downgraded its oil price outlook, predicting West Texas Intermediate crude will slide to US$75 a barrel and Brent to US$85 a barrel in the first quarter of 2015, down from previous forecasts for US$90 and US$100 respectively. West Texas Intermediate oil for December delivery was down 0.4 percent at US$8...

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