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Oil prices could spike to 2008 levels: Goldman Sachs  

New York: Arjun Murti, the Goldman Sachs equity analyst who predicted oil prices would spike to $150-$200 a barrel three years ago said on Friday the market is showing ‘stark similarities’ to the start of the 2007-2008 bull run.

Murti, Goldman’s top energy equities analyst in New York, said that the oil market was getting “extremely tight” as inventories were falling and supply growth was also not impressive. However, he did not mention how high the prices could rise.

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