Oil consumers face a summer of pain as China starts coming back to market - Business News, Finance News, Share Market News - Market trendz

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Sunday 12 June 2022

Oil consumers face a summer of pain as China starts coming back to market

Much of Wall Street shares the bullish take. This week, Goldman Sachs Group Inc. said it expects Brent to peak at $140 a barrel in the coming months. Morgan Stanley said its most bullish scenario of $150 could be moved higher. The record for Brent is $147.50, set in July 2008.

from Commodities-Markets-Economic Times
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