business / news / / International Business Times
Goldman Sachs has raised its oil forecasts for the year.
Goldman Sachs now forecasts Brent crude at $90 by Q4, up from its previous $80 estimate.
KEY POINTS
- Oil production loss of 14.5 million barrels per day in the Persian Gulf is rapidly depleting global inventories.
- Iran sent the U.S. a new proposal to end the war and reopen the Strait of Hormuz, excluding nuclear negotiations.
- President Trump has not yet responded and signals intent to maintain the Strait of Hormuz blockade.
COMPANIES
Summarized by Newsio from International Business Times. How we summarize →