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Oil's Heading to $40 If OPEC Fails, Says Goldman

  • Lack of progress suggests declining probability of Nov. deal
  • Weakening fundamentals warrant lower prices without agreement
Bloomberg business news

Goldman Sees 'Declining Probability' of OPEC Deal

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An OPEC deal to cut oil output at a meeting this month is looking increasingly unlikely, with failure warranting prices in the low-$40s, according to Goldman Sachs Group Inc.

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