Original article by Barry FitzGerald
The Australian – Page: 28 : 18-May-16

The price of Brent crude oil has rallied to almost $US50 per barrel in mid-May 2016, after falling to around $US28 in January. The rebound has in turn bolstered the share prices of Australian oil and gas producers such as Woodside Petroleum and Santos. Meanwhile, Goldman Sachs forecasts that the oil price will rise to $US60 a barrel in the December 2017 quarter, although the firms says increased supply could result in it falling to around $US45 in the March quarter.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, BHP BILLITON LIMITED – ASX BHP, THE GOLDMAN SACHS GROUP INCORPORATED, UBS HOLDINGS PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED