Reuters reporting remarks from Goldman Sachs:
-
Estimates a peak hit to 2025 oil prices of $11/bbl as a result of
weaker GDP and oil demand in scenario where US imposes
across-the-board tariff of 10% on goods imports - We still forecast a
$75-90 range for Brent given our base cases of trend-like growth in
GDP and oil demand (under steady US policies), and OPEC+ market
balancing” - “The next US
president will have limited tools to significantly boost 2025 oil
supply”
This article was written by Eamonn Sheridan at www.forexlive.com.
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