Goldman Sachs Bullish On Oil, Sets $55/BBL Forecast For WTI

Goldman Sachs is finally convinced that OPEC’s oil production cuts will come into effect, and begin to bite early next year. With demand also expected to grow, the bank raised its WTI price forecast for the first half of 2017 to $55/bbl, compared to earlier forecasts of $45/bbl for the first quarter, and $50 for the subsequent although caveat emptor see Goldman Forecast: From $200 To $20 In Just A Few Years

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Astenbeck Capital Oct letter

Andurand: 70% Chance Of OPEC Deal, Crude Is Heading To $70

“For the purpose of our oil price forecast, our base case now is that an...