Oil prices may hit USD 30/barrel – Goldman’s Gary Cohn

FXStreet (Mumbai) - As per Gary Cohn, president of Goldman Sachs Group Inc, the oil prices are likely to extend the slide and could fall as low as USD 30/barrel.

In an interview with CNBC on Monday, Mr Cohn, a former oil trader, said, “We are probably in the lower, longer view.”

Oil prices are down almost 60% since June 2014 as the OPEC group fails to shift market focus from the supply glut.