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Goldman Sachs' $86 oil forecast, weighing up supply & demand factors, bank is net bullish
Goldman Sachs commodity analysts take a look at the "risk developments" to their forecast for $86 oil by December 2023.On net, the risk developments ... have been bullish-to-mixed over the past monthThe bullish developments are:The arrival of inventory drawsThe key bullish risk—lower-for-longer OPEC+ supply—has grown with the fall in our Russia supply nowcast and Saudi's reiterated commitment to cuts and apparent willingness to extend and even deepen cuts.Recent Black Sea drone attacks highlight...
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Posted: Aug 22 2023, 23:45
Author Name: forexlive
Views: 111744