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