Goldman Sachs unveils new crude oil market outlook

Published on 29 May 2024 on TheStreet via Yahoo Finance

Goldman Sachs unveils new crude oil market outlook

The one constant with oil prices is volatility. In just the past year U.S. crude has fluctuated between $67 and $94 a barrel.

In 2024 the price has climbed 10% to $79 a barrel amid production cuts from OPEC-plus (including Russia) and stronger-than-expected global economic growth.

Oil prices often show sharp volatility.<pclass= Shutterstock-Maksim Safaniuk

" src=https://s.yimg.com/ny/api/res/1.2/I.oFTjA4it_OIwDDz8oHlg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY1Mw--/https://media.zenfs.com/en/thestreet_881/16d57e7b401811ab0325696564fd243f class=caas-img>Oil prices often show sharp volatility.Shutterstock-Maksim Safaniuk

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Goldman Sachs unveils new crude oil market outlook

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