Goldman Sachs Raises Year-Ahead Brent Oil Forecast To $100

September 20, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Goldman Sachs raised on Wednesday its 12-month ahead forecast for Brent Crude oil prices to $100 per barrel from $93 previously expected as it sees stronger inventory draws with the extended OPEC+ cuts and global demand growth. “We have nudged up our 12-month ahead Brent forecast from $93 a barrel to $100 a barrel as we now expect modestly sharper inventory draws,” analysts at Goldman Sachs wrote in a note on Wednesday, as carried by Reuters. The key reasons for the higher expected Brent Crude prices are that the lower OPEC oil supply…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Goldman Sachs Raises Year-Ahead Brent Oil Forecast To $100

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