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Goldman Sachs updated its price expectations for crude oil late on Wednesday following the news of a ceasefire deal between Iran and the United States.
Goldman Sachs lowered its Q2 Brent crude forecast to $90 per barrel after the ceasefire news.
KEY POINTS
- Goldman maintained Q3 and Q4 Brent forecasts at $82 and $80 per barrel, respectively.
- A scenario with renewed hostilities could push Brent to $115 per barrel in Q4.
- The Iran-U.S. ceasefire reportedly collapsed within 24 hours amid new attacks and tensions.
COMPANIES
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