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Goldman Sachs slashed its December Brent forecast to $86 /bbl (from previous estimate $95)
Goldman Sachs had been persistently amongst the most bullish of analysts for oil prices. Its now issued its third downward revision of its Brent forecast in the last six months.Dropped its Brent forecast for December to $86 a barreldown from its prior projection of $95 (and $100 before that)GS citing:Supply increases from Russia, Iran and Venezuela (all are facing sanctions)Supply output from Russia has “nearly fully recovered” Gaining recession fears persistent headwinds to higher prices from...
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Posted: Jun 11 2023, 20:07
Author Name: forexlive
Views: 110652