Oil Inches Lower After Rally as Investors Await U.S. Inflation Data, Fed Meeting

0748 GMT - Oil prices edge lower as investors await key U.S. inflation data and the Federal Reserve's policy meeting outcome for more clarity on the path of rate cuts and how that will affect demand.

WSJJun 11 02:55

Will oil prices have a hot third quarter? Goldman Sachs, which tore up the report over the weekend, gave a new estimate of $86.

Due to the peak travel season and energy demand caused by hot weather, global oil prices are expected to rise again this summer. According to the latest report released on Sunday by Goldman Sachs' head of oil research Daan Struyven, Brent crude oil prices are expected to rise to $86 per barrel in the third quarter of this year, an increase of nearly 7% from current levels.

cls.cnJun 11 01:06

Goldman Sachs draws a line for oil prices: "Floor of 75 and ceiling of 90", and there will be a "big gap" in the market in the third quarter.

Considering factors such as strong demand in the summer in the USA, replenishment of supplies between China and the USA, the return of financial demand, and OPEC holding the bottom line, the price of Brent crude oil may rise to $86 per barrel in Q3.

wallstreetcnJun 11 00:21

The peak of crude oil sell-off is over! Goldman Sachs predicts a "major supply gap" in the third quarter.

Position data indicates that the selling of Brent oil may have reached its peak.

Golden10 DataJun 11 00:14

Goldman Sachs is optimistic and predicts that crude oil demand will be driven by summer travel, and "oil prices will rise to $86 this quarter."

It is expected that oil prices will rise significantly this summer due to transportation and cooling needs. Analysts at Goldman Sachs predict that Brent crude oil prices will rise to $86 per barrel, almost 7% higher than current levels.

FX168Jun 10 13:09

This week's hot stocks in the US stock market: Nvidia announced stock split after market close today; ASML Holding promoted to the second largest market cap stock in Europe.

Bitcoin returns to $70,000! Stock concept of digital currency, Coinbase and microstrategy increased by 13.79% and 8.67% respectively this week.

Futu NewsJun 7 05:37