Goldman Sachs expects oil prices to average around $80/bbl in 2024
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Goldman Sachs forecasts Brent oil prices to average $80 per barrel in 2024, despite a projected deficit and geopolitical uncertainties, due to an expected surplus of 0.4 mb/d.
November 22, 2024 | 6:30 am
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Goldman Sachs forecasts Brent oil prices to average $80 per barrel in 2024, which could impact the United States Brent Oil Fund (BNO) as it tracks Brent crude oil prices.
BNO is directly linked to Brent oil prices, and Goldman Sachs' forecast of $80/bbl suggests stability in the market. This could mean limited short-term price movement for BNO, as the forecast aligns with current expectations.
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