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Commodities Briefing - Categorized | Market Moves, Oil, Research more

Goldman sees risk of oil prices gaining amid OPEC supply losses

Posted on 16 July 2013

Goldman Sachs Group Inc. (GS) said price risks for Brent crude in the second half of the year have changed “to the upside” amid production losses in some OPEC nations and political threats to supply.
Reductions in output from Libya, Iraq and Nigeria have the potential to limit availability, the bank said today in an e-mailed report. Even so, increased production outside the Organization of Petroleum Exporting Countries will probably keep global markets adequately supplied this year, said Goldman, which forecasts Brent crude to average $105 a barrel in the second half………………………………………..Full Article: Source


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