Goldman Sachs: Raises Q2 2017 WTI & Brent price forecasts
|Analysts at Goldman Sachs published their outlook on Oil prices for this month and year ahead in its latest note.
Key Quotes:
“We expect that the potential ramp up in Libya and a stronger dollar will likely further limit the near-term upside to prices and our December WTI price forecast remains at $ 50/bbl”
“We are raising our Q217 WTI price forecast to $ 57.5/bbl ($ 55/bbl), $ 59/bbl Brent beyond H117”
“We expect that the global market will remain balanced, with Brent prices between $ 55/bbl and $ 60/bbl”
“We are smoothing out our medium-term price forecast, with our H217 and 2018 Brent forecast now $ 58/bbl (prev $ 63/bbl) & $ 55/bbl for WTI (prev $ 51.5/bbl)”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.