Goldman Sachs is finally convinced that OPEC’s oil production cuts will come into effect, and begin to bite early next year. With demand also expected to grow, the bank raised its WTI price forecast for the first half of 2017 to $55/bbl, compared to earlier forecasts of $45/bbl for the first quarter, and $50 for the subsequent although caveat emptor see Goldman Forecast: From $200 To $20 In Just A Few Years

Also . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible