OPEC will set a $80 floor for oil next year, say Goldman strategists
Crude prices have fallen into a bear market, but investors can count on OPEC to keep prices of Brent between $80 and $100, says Goldman Sachs.
Source: marketwatch.com
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Crude prices have fallen into a bear market, but investors can count on OPEC to keep prices of Brent between $80 and $100, says Goldman Sachs.
Oil futures edged lower Thursday, still feeling pressure from data showing a sharp rise in U.S. crude inventories.
Oil futures lose ground Wednesday as investors await a double dose of U.S. data on petroleum supplies.
Oil attempts to extend a bounce after falling last week to its lowest since mid-July.
U.S. inflation data could spark big market moves this week.