17 March 2025: 08:30 GMT
Brent strengthened away from the perilous $69 handle and it is now safely at the $71.00/bbl level. Even Goldman Sachs with their Delphic powers forecasted a price in line with what one can see on any screen. That’s really smart, we say, as the institution known for some wildly off the mark forecasts has chosen a self-evident route – Brent will bob around between $65 and $80 this year, as GS says “…we reduce by $5 our December 2025 forecast for Brent to $71/bbl.” Oy vey! Sometimes may be easier to say, “we don’t know”.
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