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Updated from 1:51 p.m. EDT
The last time Goldman Sachs talked about how high crude oil prices could go, the commodity responded with a huge move up.
This week Goldman slapped a 2009 year-end target of $85 -- $95 by 2010 -- on crude in light of its recent rebound.
"The recent rally in WTI [West Texas Interrnediate crude oil] prices is likely to be but the first stage in the oil price rally that we expect will accompany a recovery in economic activity," the Goldman note said. Goldman also lifted its three-month target from $52 to $75 a barrel. ...
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