Goldman Sachs: We reiterate our sequentially 2Q17 Brent price forecast of $59/bbl - Reuters

A recent report by Reuters revealed that the Goldman Sachs keeps its Brent price forecast unchanged at $59/bbl for the second quarter of 2017.

  • We continue to view the pace of the inventory declines as encouraging

  • While concerns over a slowdown in global growth and an unwind of the reflation trade may have contributed to the roll over in oil prices over the past week, we currently do not see evidence in the oil market to justify this shift in sentiment