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Brent crude is going back to $75 after likely OPEC supply cut, Goldman commodities chief says

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The oil market sell-off is likely nearing its end and Brent crude will soon return to $75 a barrel, Goldman commodities chief says.

 

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tidd_83 More likely this will carry on for a another month or 2

just like when they used to say after buying $80 calls when the price on the floor was $60 they come out with a price Target that pumps the market nothing new in the statement. SOSDD.

Can’t trust these mouthpieces...... buying time to unwind their organizations positions.

Nope.

could also be heading for $48/barrel

Bad news.

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