WTI Plunges Nearly 4% Ahead Of Fed Rate Decision ...Middle East

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WTI Plunges Nearly 4% Ahead Of Fed Rate Decision
source : OILPRICE ( Middle East ) () 37
Oil markets have kicked off the new week on a sour note with both Brent and WTI crude sliding over $3 per barrel after Goldman Sachs’ latest call.  Last week, Goldman Sachs' oil ultra bull Jeff Currie once again lowered his Brent forecast for December, this time to $86 a barrel from $95 and $100 before that. Currie cited increasing supply from Russia, Iran and Venezuela; growing recession fears and persistent headwinds to higher prices from higher interest rates for his growing bearishness. At 10:14 a.m. EST, WTI was trading down 3.85%…

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