Goldman Sachs Bullish On Oil, Sets $55/BBL Forecast For WTI
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 see Astenbeck Capital Oct letter Andurand: 70% Chance Of OPEC Deal, Crude Is Heading To $70 “For the purpose of our oil price forecast, our base...