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globalreutersAugust 5, 20241 Mins read
Oil – Goldman Sachs base case is a US$75 floor for Brent crude, but see downside risk
globalreutersAugust 5, 20241 Mins read Goldman Sachs on Brent crude oil:
- “Base case remains that the $75 floor under Brent oil prices will
withstand macro fears” - But, they add that the uptick in recession risk strengthens their view that the risks to
their $75-90 range for Brent skew to the downside, especially for
2025
What uptick in recession risk, you ask. Here you go:
Brent, daily candles:
This article was written by Eamonn Sheridan at www.forexlive.com.
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