Goldman says oil stock draws cut bearish risk to Brent price

(Reuters) – Goldman Sachs sees less of a downside risk to oil prices from higher-than-expected inventories, noting that lower OECD commercial stocks could add $2 to its end-2023 Brent outlook of $86 per barrel. OECD commercial stocks, which the Wall Street investment bank estimated were equal to about a third of the more than 9 … Read more

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