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Reply to "Oil Prices May Even Touch $40 Per Barrel Warn Experts "
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[quote=Anonymous][quote=Anonymous][quote] Assuming a “typical” US recession, plus baseline expectations for supply, Brent was seen at $58 a barrel this December, and $50 in the same month next year, the Goldman analysts said in the note, titled “How Low Could Oil Prices Go?” "In a more extreme and less likely scenario with both a global GDP slowdown and a full unwind of OPEC+ cuts, which would discipline non-OPEC supply, we estimate that Brent would fall just under $40 a barrel in late 2026," analysts including Yulia Grigsby said in an April 7 note.[/quote] https://www.cnbctv18.com/market/commodities/can-crude-oil-prices-fall-to-levels-of-40-dollars-goldman-says-yes-19586244.htm This is interesting and will reduce US oil production. Didn’t Trump want to increase oil production?[/quote] Yes, drill baby drill! [/quote]
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