Goldman Sachs no longer expects oil at $100 this year after market rout – The National
- Date: 20-Mar-2023
- Source: The National
- Sector:Financial Markets
- Country:UAE
Goldman Sachs no longer expects oil at $100 this year after market rout – The National
Goldman Sachs has reduced its oil price forecasts for 2023, citing growing crude supplies and lower demand.
The investment bank now expects Brent, the benchmark for two thirds of the world’s oil, to trade at $94 a barrel for the 12 months ahead and $97 in the second half of 2024.
It had previously projected that the benchmark would trade at $100 in both scenarios.
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Goldman, JP Morgan, Susquehanna, Jane St, Bank of New York, Swiss National Bank all holding over 1M shares of #AMC. Probably lending out but you can bet part of the reason for buying and adding is a hedge against their other market losses and in case of an #AMC squeeze
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Goldman Sachs no longer expects oil at $100 this year after market rout ... NATIONAL
Crude prices fell by about 12% last week amid turmoil in the financial sector
https://www.thenationalnews.com/business/energy/2023/03/20/goldman-sachs-no-longer-expects-oil-at-100-this-year-after-market-rout/
Yellen is desperate; Credit Suisse rescued by bankrupt Swiss National Bank; Wall Street bidding up tech stock prices demanding lower rates, hallucinated FED, mad inflation -> Goldman Sachs and Morgan Stanley both called a bull market in November 2021 -> Good Luck $SPY $CS $QQQ
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