The Traderszone Network

Published in TZ Latest News 8 December, 2016 by The TZ Newswire Staff

Goldman Sachs says Oil cuts will "unleash a sharp production response" from US

A poll of 28 analysts & economists focused on oil
– Forecast Brent crude futures will average $44.69 a barrel in 2016 (was $44.78 in the previous survey about a month ago)
Higher prices should attract more supply, weighing on price, this comment from Goldman Sachs puts it in a nutshell: