Goldman Sachs estimates near-term WTI prices could fall to $40 per barrel
Oil prices could give back gains seen over the past few weeks, falling as low as $40 per barrel, according to Goldman Sachs. West Texas Intermediate (WTI) oil prices rose more than 20% between January and February due to supply disruptions in the Middle East, strong winter demand and high refinery margins, reports Reuters, but Goldman says that “the activity pull is sequentially weakening.”

The bank expects that decreased demand from OECD-Asia and record builds in cr...


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