Goldman Sachs oil price forecasts after the Saudi attack

Author: Eamonn Sheridan | Category: News

Comments from GS' Energy Research & Senior Commodity Strategist

  • Brent oil up $3 to $5 if the shutdown time is less than a week
  • Up $5 to $14 if the shutdown is longer, 2 to 6 weeks 
  • If the shut down of production is more than 6 weeks price to over $75, shale oil production gets a big boost

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