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home / news releases / COM - Oil prices face greater risk of falling on OPEC+ plans: Goldman Sachs

COM - Oil prices face greater risk of falling on OPEC+ plans: Goldman Sachs

Direxion Auspice Broad Commodity Strategy

2024-06-02 15:23:25 ET

The price of Brent crude, a key international benchmark for oil, is at risk of declining from an estimated range of $75 to $90 a barrel, analysts at Goldman Sachs said Sunday. They said their estimates may be too optimistic because the planned output cuts by major oil-producing countries aren’t enough to curtail an oversupply of oil....

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Oil prices face greater risk of falling on OPEC+ plans: Goldman Sachs
Stock Information
Company Name: Direxion Auspice Broad Commodity Strategy
Stock Symbol: COM
Market: NYSE
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