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G Sachs Raises Dec Brent Oil Price Forecast to USD90/ bbl
2026-10-12 10:57:30 US President Donald Trump said Ukraine and Russia agreed to stop attacking each other's energy facilities after the US and Russia reached a diesel supply agreement. The market expects an increase in Russian supply, sending oil prices lower this morning. Brent crude futures last shrank 1.32% to USD103.34 per barrel, while New York oil futures lost 1.42% to USD90.43 per barrel. The Houthis claimed responsibility for last Saturday's (10th) attack on Riyadh International Airport, which killed 13 people and injured more than 300 others. Trump said the US is considering joining Saudi Arabia in strikes against the Houthis. Goldman Sachs revised up its forecast for Brent crude prices in December to USD90 per barrel from the previous USD85, while reiterating that it will maintain its current base case. The bank believed ongoing adjustments in Middle East supply could ultimately drive oil prices lower, but potential escalation in the situation still poses significant net upside risks. ~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |