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Oil price forecasts on the up – Goldman Sachs and JP Morgan

March 5, 2021 by admin 0 Comments

Goldman Sachs have boosted forecasts:

sees Brent crude at $75 / bbl in Q2 and $80 in Q3
both forecasts raised by $5 / bbl

JP Morgan meanwhile

Have Brent forecasts at $67 for this year and $74 for 2020
both forecasts up circa 2 to 3 dollars / bbl

Both citing OPEC+ not expanding supply

Also, UBS Brent H2 $75 and WTI $72

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This article was originally published by Forexlive.com. Read the original article here.

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