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More on Goldman Sachs slashing its December Brent oil forecast to $86 from $95
I posted earlier on this weekend's crude oil forecast revision from Goldman Sachs here:Goldman Sachs slashed its December Brent forecast to $86 /bbl (from previous estimate $95)As further background to this change of call, Goldman Sachs Group Inc.’s Global Head of Commodities Research Jeffrey Currie spoke in a Bloomberg TV interview on Friday, making points that high interest rates, which have pushed up carry costs by circa 13 to 15%, are bringing on destocking. Higher interest rates have made i...
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Posted: Jun 11 2023, 21:54
Author Name: forexlive
Views: 110777