Goldman Sachs | Brent oil: Goldman Sachs cuts 4Q oil forecast by $10/bbl on China ‘speed bump’

Goldman Sachs | Brent oil: Goldman Sachs cuts 4Q oil forecast by /bbl on China ‘speed bump’

Goldman Sachs on Sunday cut its fourth-quarter Brent oil price forecasts by $10 to $100 a barrel, citing factors including a likely hit to consumption from China‘s COVID case spike. But the investment bank said that the China concerns were “another speed bump on the road higher,” since the major consumer has indicated that this … Read more