Goldman Sachs slashes its Brent price forecast on Biden’s oil reserve release Oil Banks UnitedStates Energy Brent
“Dropped its H2 2022 Brent forecast by $15/bbl to $120/bbl.”
"In fact, lower prices in 2022 would support oil demand while slowing the acceleration in shale production, leaving, for now, a deficit in 2023, as well as the likely requirement to refill the SPR." If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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