Crude Inventory Increased 2.4 Million Barrels Last Week - EIA

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Goldman Sachs cuts oil forecast

February 10, 2023 10:25 AM UTC

Goldman Sachs analyst Callum Bruce cut the firm's oil price forecast in a note Friday, telling investors that the deficit is still pending on the China reopening.

"Brent prices have been range-bound since the November sell-off as markets have been caught between still soft prompt fundamentals and a brightening macro outlook," wrote... More