Wall Street Braces for Oil in $60s Range on Tariff, OPEC+ Risks
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Goldman Sachs Group Inc. joined fellow banks Monday in cutting oil price forecasts as Wall Street increasingly sees a home for crude in the $60s.
Goldman initially stuck with previous price projections when OPEC+ confirmed plans to increase oil production earlier this month, but with US economic growth under mounting pressure, the bank lowered its outlook price in a note. Its expected range for Brent was reduced to $65-$80 a barrel from $70-$85.