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G Sachs: Brent Oil Futures May Dip Below US$40 in Extreme Cases
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Goldman Sachs has lowered its oil price forecast twice in the past week. The broker stated that Brent oil future prices may drop below US$40 per barrel in extreme situations, given escalating trade wars and rising supply. If the global economy slows down and OPEC+ fully retracts production cuts, Goldman Sachs predicted that Brent oil future prices will dip below US$40 per barrel by the end of next year. Still, this is a more extreme and unlikely scenario. According to the current baseline forecast, Brent oil futures are expected to reach US$55 per barrel by December 2026. AAStocks Financial News |
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