Here's what Goldman to UBS say about oil after big OPEC+ production cut

Quick Summary:

The bank increased its fourth-quarter estimate for Brent by US$10 to US$110 a barrel.

The move could backfire on OPEC+ if it hits economic activity and oil demand further, they added.

There is a clear upside to the bank’s Brent forecast of US$97 a barrel for next year, he said.

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Article Details

Category: InvestingFinance

Markets: MalaysiaFranceSaudi ArabiaSingapore

Topics: Crude Brent Including Production Market Releases Note Move Year Opec+ Analysts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-06 @ 04:44:47 (3 months ago)

News Timezone: GMT +8:00

Ranking: #1641 (out of 3283 stories this day)

News Source URL: theedgemarkets.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 37 words per sentence (average)

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Copyright Owner: © The Edge Markets

News ID: 755378

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