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Goldman Stays Oil Bull, Undaunted by Saudi-Russia Crude Plan

Goldman still sees “risks to prices in the second half of 2018-2019 as skewed to further upside.” The bank added that “historically, prices have declined after the announcement of OPEC production increases, however, when these occurred in a strong demand environment like today, prices were on average 8 percent higher than pre-announcement two months later.”

https://au.investing.com/news/commo...l-undaunted-by-saudirussia-crude-plan-1145849