Tuesday, August 9, 2011

Breaking News-RTRS - Goldman and Merrill stay bullish on oil

LONDON, Aug 8 (Reuters) - Oil prices will rise again soon even if they fall further in the short-term because governments have no other tools to combat slow growth other than further ease monetary policies, leading commodities trading banks said on Monday.
Another major commodities bank, Goldman Sachs, said it was still positive on several commodities including Brent oil, copper, zinc, UK natural gas and soybeans.