Goldman Sachs cuts Brent oil forecast by $10 due to China and Russia concerns
<p>Goldman Sachs eyeing the lockdowns coming around again in China. Cuts Brent forecast to US$100 / bbl.</p><p>Earlier posts on these:</p><ul class="text-align-start vertical-align-baseline"><li><a href="https://www.forexlive.com/news/beijings-most-populous-district-urges-residents-to-stay-at-home-covid-outbreak-20221120/" rel="follow" target="_self" class="article-link vertical-align-baseline">Beijing's most populous district urges residents to stay at home – COVID outbreak</a></li><li><a href="https://www.forexlive.com/news/china-covid-update-a-district-in-guangzhou-has-imposed-a-5-day-lockdown-20221120/" rel="follow" target="_self" class="article-link">China COVID update – a district in Guangzhou has imposed a 5-day lockdown</a></li></ul><p>The worry over lockdowns in China for oil markets is the lower demand that results.</p><p>Goldman Sachs also citing increased flows of oil from Russia ahead of EU curbs and the price cap.</p>
This article was written by Eamonn Sheridan at forexlive.com.
