Transfer from: Financial Union Press
[Goldman Sachs: OPEC+Conference Shows the Tendency of Falling Oil Price, Hinting that Supply will gradually recover] The Associated Press reported on June 3 that Goldman Sachs analysts, including Daan Struyven, said in the report, "We believe that this OPEC+Conference is bearish on oil price", because despite the unexpected increase in inventory, However, the eight countries that have made additional production cuts have outlined how they will resume supply that has ceased. Due to the bearish meeting results and the recent unexpected rise in inventories, they now believe that the risk of the expectation of Brent crude oil price range of $75-90 tends to decline.
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