Goldman Sachs: reduces its forecast for oil prices in December 2023 from $95 to $86 for the following reasons:
1- Increasing oil supplies from Russia, Iran, and Venezuela. 2- The fear and anxiety of the world about recession and economic stagnation. 3- Continuing and insisting on raising interest.
BRENT OIL
the movement will be positive as long as the trade is above 77.18 for today to get 79.90 gradually
but stabilizing under 77.81 then will start the bearish to get 75.50
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