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G Sachs Raises Mar's Avg. Brent Oil Futures Forecast to USD100+
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Goldman Sachs (GS.US) stated that the average Brent oil futures for March is expected to exceed USD100/ bbl, with April's forecast at USD85, as the Iranian war wrought damage to Middle East energy infrastructure and the disruption of the Hormuz Strait, which prompted ongoing energy price volatility. If the oil supply disruption persists longer, oil prices may reach higher peaks and remain elevated by the end of the year; otherwise, Brent oil futures will gradually ebb to the early USD70 level later this year. AASTOCKS Financial News Website: www.aastocks.com |
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