Goldman Sachs trims 2024 Brent Crude Oil forecast, expects range bound trading ...Middle East

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Goldman Sachs trims 2024 Brent Crude Oil forecast, expects range bound trading
Goldman Sachs have trimmed their range forecast for Brent crude oil in 2024:to USD 70-90/barrel (this is lower by USD 10/bbl)project higher supply from the USGS cite that they now expect only a small deficit, less elevated long-dated prices. Expect 2024 to bring mainly range bound pricing and lower volatilityalso looking for OPEC+ cuts to continue through to 2025, more cuts in Q2 202436 months out Goldman Sachs forecast Brent crude at $72/bbbl (down $2) This article was written by Eamonn Sheridan at www.forexlive.com.

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