Oil heading for $40 if OPEC fails, says Goldman

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There is no denying that low oil prices have made a significant mark on the freight sector. It has saved some carriers, boosted others with older, less-efficient ships and planes, lowered the barriers to market entry and disguised finances during the time lag between cost to carrier and cost to customer. Surprisingly perhaps, it has been something of a mixed bag. But as prices begin to climb, Goldman Sachs warns that if OPEC fails to reach a deal in Vienna this month to restrict supply, and bring in more rogue countries, prices could sink back to the low $40s.