Goldman Sachs raises its forecast for global oil prices

9 Dec 2019 09:36 AM


Goldman Sachs raised its global oil price forecast from $ 60 a barrel to $ 63 during 2020, while it is currently trading near $ 58.50 a barrel.
The organization has raised its expectations after the OPEC + meeting at the end of last week, and reached an agreement to reduce production more than expected, despite its warning of a possible reduction in compliance with production cuts by Iraq, Nigeria, and Russia.

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