Oil prices of $70-$85 per barrel work well for OPEC, Goldman Sachs' Struyven says
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Goldman Sachs' Daan Struyven suggests that oil prices between $70 and $85 per barrel are favorable for OPEC. The discussion also touches on the outlook for oil markets and gold prices.
February 26, 2025 | 2:15 am
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The United States Brent Oil Fund (BNO) may see stability or slight positive movement as oil prices between $70-$85 per barrel are considered favorable for OPEC, according to Goldman Sachs.
BNO, an ETF that tracks Brent oil prices, is likely to be positively impacted by stable oil prices in the $70-$85 range, as this is seen as favorable for OPEC, potentially leading to stable or increased demand.
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