Goldman Sachs: Geopolitical risk premium indicators have slightly declined, oil prices are expected to stabilize this quarter.
Goldman Sachs' report on Tuesday (October 8) pointed out that the geopolitical risk premium indicators in the oil market fell slightly this week; The bank believes that, without major disruptions, oil prices this quarter may stabilize around the current levels; However, Goldman Sachs still expects Brent crude oil prices to increase by $10 to $20 per barrel in the future from current levels.
Express News | Shell PLC : Scotiabank Cuts Target Price to $80 From $90
In just a few days, there have been drastic changes. Who is really driving the fluctuations in oil prices?
Everyone is speculating about the timing of the next market turnaround. In fact, these instigators are not so concerned about the future of OPEC or the Middle East.
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Midday crude oil analysis: China's new refinery startup imminent, how will crude oil prices change?
With the start of new refining facilities in China, crude oil demand may rise, and the Brent crude oil futures prices have regained some lost ground from the previous trading day.