November 27, 2022

Goldman Sachs: Oil may fall to $20 as global surplus expands

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From Newsmax The global surplus of oil is even bigger than Goldman Sachs Group Inc. thought and that could drive prices as low as $20 a barrel. While it’s not the base-case scenario, a failure to reduce production fast enough may require prices near that level to clear the oversupply, Goldman said in a report […]