The Best Risk-Reward Plays In Oil ...Middle East

OILPRICE - Economy
The Best Risk-Reward Plays In Oil
source : OILPRICE ( Middle East ) () 2
Oil prices have been ticking upwards after OPEC+ reached an agreement on Sunday that will see the group start adding 400,000 bpd production each month from August. Goldman Sachs says the agreement is modestly bullish and has forecast that Brent will hit $80 per barrel this summer. Piper Sandler says that whereas the backdrop of tighter monetary policy, the trajectory of the economic recovery, and the sustainability of inflation are likely to create some volatility curveballs, they will not be enough to derail the secular bull market. Meanwhile,…

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