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Oil: Goldman Sachs, prices rise even with economic shock

2022-08-08T11:26:35.390Z


"Even in the presence of shocks such as recession, Chinese zero-Covid policy and real estate sector, release of US strategic reserves and Russian production recovering well above expectations", the reasons for an increase in prices in ... ( HANDLE)


(ANSA) - ROME, AUGUST 08 - "Even in the presence of a shock such as recession, Chinese zero-Covid policy and the real estate sector, the release of US strategic reserves and Russian production that has risen well above expectations", strong reasons remain for an increase in oil prices ".

A study by Goldman Sachs reveals that "Brent prices have fallen by 25% since the beginning of June, driven by low commercial liquidity and a growing wall of worries".

The report highlights how the market remains "in a larger deficit phase than expected in recent months".

(HANDLE).


Source: ansa

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