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September 12th, 2015 
Awake Goy Oil could plunge as low as $20 a barrel amid a glut of production around the world, Goldman Sachs analysts said Friday in a new report.
That’s a level not seen in more than a decade.
“Although oil prices have revisited the lows of last winter, this time both financial and fundamental metrics are much weaker,” Goldman said in the report. “Forward demand expectations are lower as the emerging market economic outlook continues to deteriorate.”
To be sure, Goldman is not projecting a drop to $20 — a worst-case scenario, it would be fleeting if it’s reached. Goldman’s official projection for 2016 WTI prices is $45, down from a previous forecast of $57. Goldman’s 2017 forecast stayed at $60.
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