Goldman Sachs on Brent crude oil:
“Base case remains that the $75 floor under Brent oil prices will
withstand macro fears”But, they add that the uptick in recession risk strengthens their view that the risks to
their $75-90 range for Brent skew to the downside, especially for
2025
What uptick in recession risk, you ask. Here you go:
ICYMI – Goldman Sachs eyeing the August US employment report for a possible 50bp Fed cut
Brent, daily candles:
This article was written by Eamonn Sheridan at www.forexlive.com.
