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Goldman Sachs dials down its bullishness on oil

The team at Goldman Sachs has been bullish on commodities and oil but with prices stuck in a range, they're dialing it back.

They now see brent averaging $90 in Q2 compared to $105 previously with price gradually rising to $100 at year end. They expect oil to stay steady at $100 in 2024 "assuming OPEC boosts output by 1 million bpd" If OPEC doesn't add oil to the market, they see brent at $107 at year end.

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Posted: Feb 27 2023, 16:00

Author Name: forexlive

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