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Oil ends higher on U.S.-China trade talks, OPEC supply cuts
Goldman Sachs cuts oil-price forecasts
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Saudi Arabia plans to cut its crude exports by 800,000 barrels a day from around 7.9 million barrels a day in November, in a move aimed at lifting prices above $80 a barrel, The Wall Street Journal reported,
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WTI crude for February delivery CLG9, added 56 cents, or 1.2%, to settle at $48.52 a barrel on the New York Mercantile Exchange, which was well below the session’s high of $49.79. The front-month contract rose 5.8% for last week, according to Dow Jones Market Data.
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Also Monday, however, Goldman Sachs cut its outlook on spot prices for Brent and WTI. It expects an average of $62.50 a barrel for Brent, down from a previous forecast of $70, and an average of $55.50 for West Texas Intermediate, down from $64.50.
...
https://www.marketwatch.com/story/oil-pr...st=markets
Goldman Sachs cuts oil-price forecasts
...
Saudi Arabia plans to cut its crude exports by 800,000 barrels a day from around 7.9 million barrels a day in November, in a move aimed at lifting prices above $80 a barrel, The Wall Street Journal reported,
...
WTI crude for February delivery CLG9, added 56 cents, or 1.2%, to settle at $48.52 a barrel on the New York Mercantile Exchange, which was well below the session’s high of $49.79. The front-month contract rose 5.8% for last week, according to Dow Jones Market Data.
...
Also Monday, however, Goldman Sachs cut its outlook on spot prices for Brent and WTI. It expects an average of $62.50 a barrel for Brent, down from a previous forecast of $70, and an average of $55.50 for West Texas Intermediate, down from $64.50.
...
https://www.marketwatch.com/story/oil-pr...st=markets
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