Goldman Sachs raises Q1 2017 WTI forecast to $ 55 – Livesquawk

Dhwani Mehta FXStreet

Livesquawk reports latest headlines from the US-based investment bank, Goldman Sachs, noting that the bank has raised its WTI crude price-forecast to $ 55/ barrel for the first quarter of 2017, in wake of an OPEC production cut and Russia’s output freeze deal.

Meanwhile, both crude benchmarks are extending the upside to trade almost +1.50%, on the back of renewed optimism over a potential OPEC output cut deal.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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