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Showing results for tags 'Oil Prices'.
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Brent is expected to rise to $ 80 a barrel over the next six months 2021-04-28 04:32 Shafaq News / The US commodity research team at Goldman Sachs (NYSE: GS) expected, on Wednesday, that Brent price would rise to $ 80 a barrel over the next 6 months, with the reversal of restrictions associated with the Coronavirus, lower interest rates and a weak dollar. The bank said, "It is expected that the price of Brent crude will rise to $ 80 a barrel and US West Texas Intermediate crude to $ 77 during the next six months." The bank added, "We expect the largest jump in demand for oil at all, an increase of 5.2 million barrels per day over the next six months," referring to the acceleration of vaccinations in Europe and the liberalization of latent demand for travel. "The easing of international travel restrictions in May will lead to a recovery in demand for jet fuel by 1.5 million barrels per day," he said. The bank expects that "gold prices will recover at two thousand dollars an ounce over the next six months, and it is too early to compete with the formation of the yellow metal in demand for a safe haven," adding that "the two can exist together." -
Iran a 'time bomb' for oil prices http://finance.yahoo.com/news/iran-time-bomb-oil-prices-090835402.html Almost seems this might work in Iraq's favor. Your thoughts? / Peace Out, roomies
