Goldman slashes 3-month WTI Oil forecast to $47.50

Omkar Godbole FXStreet Contributor

Goldman Sachs has slashed its 3-month WTI Oil price forecast to $47.50, citing increased supplies from Libya and Nigeria.

“This threatens to close the window of time for stocks to normalize before OPEC cuts end and raises the concerns that OPEC will then ramp up production to defend market share”, says report from Goldman.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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