What will the prices of Brent crude oil look like in the future?
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Goldman Sachs Global Commodities Research co-head Daan Struyven discusses the impact of sanctions on the Russian oil industry and their potential effects on Brent crude oil prices.
January 13, 2025 | 3:15 am
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NEUTRAL IMPACT
The discussion on the impact of sanctions on the Russian oil industry by Goldman Sachs' Daan Struyven could influence the United States Brent Oil Fund (BNO), which tracks Brent crude oil prices.
BNO is an ETF that tracks Brent crude oil prices. The analysis by Goldman Sachs on the impact of Russian oil sanctions could affect Brent prices, thereby impacting BNO. However, the article does not provide specific price forecasts or immediate changes, leading to a neutral short-term impact.
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RELEVANCE 50