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Goldman Slashes Reduces Gasoline, Heating Oil Price Forecasts On Chinese Disruption

24 Feb 2020 12:06 pm
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Mumbai (Commodities Control)

GOLDMAN SACHS:

Forecasts Returns Of -0.5%, 4.9% and 9.5% On Commodities over 3, 6 and 12-month Horizon on S&P GSCI Index

Sees Significant Downside Risks To Commodity Prices before Chinese Stimulus Later This Year

Says In Addition To China Disruption, Slow Economic Pickup Increases Risk That Oil Storage Is Breached, Creating Downside to Prices

Adjusts Nymex Rbob, Heating Oil Forecasts Down to $1.69/1.69/1.57 and $1.65/1.72/1.78 for 3/6/12 months, respectively.

(Commodities Control Bureau)


       
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