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Goldman lifts 2020 oil forecasts as Opec cuts tighten market

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SINGAPORE (BLOOMBERG) - Goldman Sachs raises 2020 Brent spot price to US$63 a barrel from US$60 previously, according to emailed report. The long-term anchor price still seen at US$55/bbl.. Read more at straitstimes.com.

SINGAPORE - Goldman Sachs raises 2020 Brent spot price to US$63 a barrel from US$60 previously, according to emailed report. The long-term anchor price still seen at US$55/bbl.

Goldman updated forecasts after Opec+ agreed to bigger output cuts than expected. Opec's oil surprise came as skeptics were doubting price rise,

 

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