BUSINESSMARKETWATCH
The peace deal is in the price: Goldman Sachs lowers its oil-price target to market levels
Goldman Sachs has lowered its oil-price target, citing that risks to oil price assumptions in a potential peace deal are two-sided. The report highlights the global economy's flexibility in adjusting to the largest oil production shock in history.
Mentioned
Related Signal
Adjacent reporting
- Bitcoin approaches $82,000 as oil crashes 6% on fresh Iran peace deal hopes
- Bitcoin approaches $82,000 as oil crashes 6% on fresh Iran peace deal hopes
- LatAm Pre-Open: A US-Iran Peace Deal Sinks Oil and Hammers Petrobras
- Oil plunges to $89 per barrel after Iran reports that peace deal would reopen Strait of Hormuz in 1 month
- Oil prices tumble amid hopes strait of Hormuz will soon reopen