OPEC may talk oil prices down if Brent rises above $70 - Goldman Sachs

According to Goldman Sachs, OPEC may try and talk down oil prices if Brent rises above $70 levels.

The investment bank believes the cartel does not want the central banks to start responding to inflationary pressure from oil prices above $70 a barrel. Further, it also fears the US shale investments may rise if prices hold above $70 levels.