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Goldman Sachs revises 2027 Brent outlook
Goldman Sachs bank has lowered its forecast for Brent crude oil in 2027 to an average price of $80 per barrel due to increased supply and weak demand, with expectations of rising production in countries such as the United States, Brazil, and Venezuela, along with potential price fluctuations resulting from geopolitical instability. It also indicated that oil exports from the Gulf may return to pre-war levels by August, with the possibility of prices exceeding $110 if disturbances continue.
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