Bank Of Baku

Goldman Sachs says OPEC deal to add $10 to oil prices

Goldman Sachs says OPEC deal to add $10 to oil prices
# 29 September 2016 09:29 (UTC +04:00)

Baku - APA-Economics. Goldman Sachs Group Inc. said OPEC’s deal to cut output could add as much as $10 a barrel to oil prices, though it remains skeptical along with other banks on how the accord will be implemented, Bloomberg reported.

 

The plan to reduce production to a range of 32.5 million to 33 million barrels a day “will likely provide support to prices, at least in the short term. Uncertainty in the market will persist in coming months,” Goldman said in a report dated Sept. 28.

 

 

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