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’
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.