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Goldman Sachs raised its Brent price forecast after the OPEC+ alliance agreed to its biggest production cut since the pandemic. The move drew a sharp rebuke from the US.
The article covers analyst views following the cut.
Bank forecast increases reflect expectations of tighter crude supply, which supports energy costs for feed producers. This is analyst commentary on an existing decision rather than a new supply event.
bloomberg.comSharon Cho, Elizabeth LowOct 6, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
