Global crude oil prices fell more than 2 percent, today, after investment bank, Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia reportedly dismissed the idea of an oil producer summit. Brent crude oil futures was down one dollar, at 47.89 dollars a barrel. U.S. crude had lost 95 cents, to 44.97 dollars a barrel. Joining a long list of banks cutting their price forecasts, Goldman Sachs cut its 2015 Brent price forecast to 53.70 dollars a barrel, from 58.20, and said it saw 2016 Brent prices at 49.50 dollars a barrel, down from its earlier 62 dollar forecast.