Goldman Sachs Predicts Oil Price Reaching $77/b

Goldman Sachs Predicts Oil Price Reaching $77/b …C0NTINUE READING HERE >>>

Goldman Sachs has predicted a rise in Brent crude oil prices potentially reaching $77 per barrel in the fourth quarter of this year.

The bank’s outlook is driven by several key factors, including a recent interest rate cut by the Federal Reserve and strong U.S. economic data. Additionally, Hurricane Helene’s formation reminds markets that hurricanes still have the power to disrupt oil supply.

Despite Brent crude rallying four per cent last week due to escalating conflict in the Middle…

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