Perhaps this is why XOM increased it dividend ?
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Actually, that’s not the case:
From the article – “Goldman does not share the view that crude prices will fall. The firm’s analysts stick by their projection that Brent crude will average $120/barrel by the second half of 2012 and rise to $130/barrel in 2013.”
However, it’s impossible to know what goldman is trading at its proprietary desks, so who knows what they really think vs. what they tell their clients.