# $50 oil price may be magic number for market balance - MarketWatch

> Goldman Sachs said a $50/bbl price signal could help rebalance the oil market by constraining shale output or reinforcing OPEC restraint. The bank cut its 2017 WTI forecast to $52.92 and Brent to $55.39 while keeping 2018 WTI at $55.

- Date: 2017-05-30 · published 2017-05-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71157-50-oil-price-may-be-magic-number-for-market-balance-marketwatch
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Bank forecasts centered near $50-55 crude signal weaker energy costs and biofuel feedstock economics, which can pressure soyoil, palm oil and corn-based ethanol margins.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- marketwatch.com: https://www.marketwatch.com/story/oil-at-50-may-be-what-sparks-a-rebalance-of-crude-market-goldman-says-2017-05-30

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.