Goldman Sachs raised its oil price forecasts - SG also raise their forecasts

Author: Eamonn Sheridan | Category: News

Earlier post is here: Oil - Goldman Sachs says Brent crude has scope to rise above US$70 in the near term

Via Société Générale now, ICE Brent forecast USD 70 in Q3 
  • to trade 62-75 range over next 12 months
  • average 67.50 in 2019
Nymex WTI
  • 64 USD in Q3
  • $55-$69 range over next 12 months
  • $60 average in 2019
Citing:
  • Iran, Venezuela the biggest upside risks to oil market outlook
  • Saudi Arabia unlikely to proactively increase output to make up for supply disruptions

ForexLive

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