Oil falls after Goldman forecasts lower prices

April 7, 2015 1:58 AM

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Oil falls after Goldman forecasts lower prices

SINGAPORE (Reuters) - Oil futures fell on Tuesday from overnight gains of nearly 6 percent after Goldman Sachs (GS.N) said prices needed to remain low for months to achieve a slowdown in U.S. output growth.

Benchmark crude prices surged on Monday as traders reassessed how quickly Iran might increase exports after a preliminary nuclear deal and judged that a months-long rise in U.S. crude inventories may be slowing.

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