Goldman Sachs expects OPEC to not let oil prices slide too much below $80 per barrel next year and use its pricing power to keep them in the $80-$100 range, the bank said in a note this week, ahead of the OPEC+ meeting on November 26. Oil prices dived this week to their lowest level since July as market participants focused on concerns about the world’s two biggest economies—the United States and China.
The U.S. benchmark WTI Crude slumped below $75 a barrel, and Brent Crude prices slipped below the key threshold…Goldman Sachs Sees OPEC Keeping Oil In $80-$100 Price Range
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