WTI Crude
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Category: December 2018

Goldman raises 2018 oil price forecast on robust OPEC commitment

Goldman lifted its Brent price forecast for next year to $62 a barrel and its WTI projection to $57.50 a barrel "Of course, risks remain and we see these as skewed to the upside into 2018 on the risk of an over tightening, either because of new disruptions, demand exceeding our optimistic forecast of OPEC letting the stock draw run hot," Goldman analysts said A stronger than anticipated OPEC-led commitment to extend production cuts will support prices through 2018, according to…