For Free Headlines Submit Your Email
Sunday, June 21, 2026 8:14 GMT
Goldman Sachs lowered its fourth-quarter Brent crude oil price forecast to US$80 from US$90 and cut its 2027 average estimate to US$75 from US$80, after the U.S. and Iran signed a preliminary agreement to reopen the Strait of Hormuz. The revision is the bank's second cut in a week after it lowered its oil price forecast for 2027 on Friday. Analysts said in a note released late on Monday that they now expect Gulf exports to normalise to pre-war levels by the end of July, earlier than their...More