Goldman Sachs has revised its oil price forecast, raising it to $95 from $90 at the end of the year for Brent crude.
The revised forecast followed decision by the Organisation of Petroleum Exporting Countries(OPEC)+ announcement that it would reduce its combined oil production by more than 1 million barrels a day, bpd.
The bank also raised its Brent crude forecast for 2024, now seeing it at $100 at the end of the year from an earlier projection of $97.
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