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Goldman Softens Crude Outlook


Goldman lowered its price forecasts for Brent and WTI, citing softening supply-demand fundamentals in a research note Feb 9.

  • The bank sees Brent reaching $100/bbl by December, instead of around the middle of the year.
  • “This adjustment reflects a modest softening to our 2023 balance,” Goldman analysts including Callum Bruce and Jeff Currie said.
  • They say Brent will probably average $92 a barrel this year, less than their previous forecast of $98.

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