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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
The Goldman Sachs analysts say there's some upside in the short term, though. The analysts, led by Daan Struyven, forecast Brent prices will rise to $83 by mid-2025 if Iran's oil supply drops amid ...
Goldman Sachs is warning of potential upside risks to oil prices following U.S. sanctions on Russia's energy sector, with Brent crude already approaching $80 per barrel and the possibility of ...
In March 2007, Currie authored a Goldman Sachs report title Food, Feed and Fuel, which argued the demand pull from food, feed and fuel represented the beginning of a structural increase in prices. Several months later, in July 2007, Currie discussed with Bloomberg the potential impact rising oil prices could have on the global economy. He ...
Goldman Sachs has cut its forecast for the average oil price next year by 12%, citing abundant production in the United States.
The magnitude of oil's increase is small compared to periods in 2008 and the first half of 2022, Goldman says. Higher oil prices 'a manageable headwind' for the US economy, Goldman says [Video ...
Oil prices are expected to jump this summer on demand for transportation and cooling. Goldman Sachs analysts forecast Brent crude prices to rise to $86 per barrel, almost a 7% increase from ...
Oil prices could climb well into triple-digit territory by next year if Russia and Saudi Arabia don’t unwind their aggressive supply cuts, Goldman Sachs warned its clients.