Brent crude may reach $86 by year end: Goldman Sachs
18/08/2023
Argaam
Brent crude will likely reach $86 per barrel by year end, Goldman Sachs' Head of Oil Research, Daan Struyven, told Alarabiya TV.
He also predicted modest oil production from the US.
Global oil demand hit a record level in July, Struyven said, pointing out that the risks related to Russia's oil production became positive for prices.
Goldman increased the likelihood that the US and the global economy are on their way to a smooth slowdown.
The inflation rates show that the Federal Reserve is on its way to stop raising interest rates.
Market Indices
Dubai
5,897.57
(9.63)
(0.16 %)
Abu Dhabi
9,960.24
(33.00)
(0.33 %)
TASI
10,542.23
(47.72)
(0.45 %)
Qatar
9,209.53
(49.77)
(0.54 %)
Kuwait
9,063.91
13.25
0.15 %
Muscat
7,828.06
39.92
0.51 %
Bahrain
1,898.90
(2.96)
(0.16 %)
Commodity Price
Brent Crude Oil
102.48
1.55
1.53%
Nymex
89.08
(1.16)
(1.29%)
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}