Bloomberg News

Schlumberger’s Gould Says Investors Fear Oil Over $200 Barrel

March 04, 2012

Global investors are currently afraid of buying more equities in oil companies on fear demand my fall because of high prices, Schlumberger Chairman Andrew Gould said.

Gould, speaking at a geoscience conference in Bahrain today, said investors fear that oil prices may rise to over $200 a barrel.

To contact the reporter on this story: Wael Mahdi in Cairo at wmahdi@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


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