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JP Morgan slashes Brent crude forecast for the year to $81 from $90 previously
This follows from Goldman Sachs' call earlier this week here:Goldman Sachs slashed its December Brent forecast to $86 /bbl (from previous estimate $95)As a reminder, oil prices took a hit after Goldman's revised forecast, with WTI crude hitting a low of $66.85 earlier this week before rebounding off its 200-week moving average to just above $70 at the moment. This article was written by Justin Low at www.forexlive.com...
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Posted: Jun 14 2023, 11:27
Author Name: forexlive
Views: 111467