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Here’s What Goldman to UBS Are Saying About Saudi-Led Oil Shock

  • Price forecasts rise after OPEC+ keeps tight curbs on supplies
  • JPMorgan says the group’s decision was ‘most bullish outcome’
SAUDI-TRANSPORT-PORT

Photographer: Giuseppe Cacace/AFP/Getty Images

Bloomberg News
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The surprise move by OPEC+ to maintain oil supply restrictions through April, coupled with Saudi Arabia’s decision to extend voluntary curbs, has stunned the global energy market. Prices surged again on Friday, with West Texas Intermediate topping $65 a barrel, and Brent climbing above $68.

Here’s what leading analysts make of the bold move.