Goldman Sachs warns of rising oil prices
Goldman Sachs has lowered its forecast for Brent crude oil prices in 2027 to $80 per barrel, citing increased supply and ongoing weak demand, along with a warning of potential sharp price volatility due to possible geopolitical tensions. The bank noted the rise in oil production in the United States, Brazil, Guyana, Venezuela, and the UAE, as well as the impact of structural shifts in the market.
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