GOLDMAN SACHS ON OIL: BRENT COULD POTENTIALLY FALL TO THE $60S BY YEAR-END IF PRODUCTION BEATS EXPECTATIONS AND DEMAND RECOVERS MORE SLOWLY AMID HIGH RETAIL FUEL PRICES

July 15 (Reuters) - GOLDMAN SACHS GS.N:

  • SAYS BRENT COULD OVERSHOOT $110/BBL IN 2026Q4 IF GULF EXPORT RECOVERY CONTINUES TO STALL, DELAYING PRODUCTION REBOUND AND REQUIRING A LARGER DEMAND RESPONSE

  • SAYS BRENT COULD POTENTIALLY FALL TO THE $60S BY YEAR-END IF PRODUCTION BEATS EXPECTATIONS AND DEMAND RECOVERS MORE SLOWLY AMID HIGH RETAIL FUEL PRICES


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