One of the biggest oil bulls is growing less bullish as the crude market runs into renewed pressure.
Goldman Sachs cut its end-of-year outlook for Brent crude to $86 a barrel, from $95.
Brent futures fell around 2% Monday to just over $73 a barrel.
Goldman Sachs forecast a big rally in April, when it expected surprise output cuts by members of the OPEC+ cartel to tighten supplies.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-12-2023/card/goldman-cuts-oil-price-forecast-as-saudi-gains-unravel-Ei6RHcdWHLEb38Fmzytv?siteid=yhoof2&yptr=yahoo