Goldman Sachs Cuts Fourth-Quarter Crude Forecast to $80

Daan Struyven, co-head of global commodities research at Goldman Sachs, explains the three reasons why oil prices are coming down so quickly following the US and Iran reaching an interim...

By Bloomberg Markets · Bloomberg Markets

Daan Struyven, co-head of global commodities research at Goldman Sachs, explains the three reasons why oil prices are coming down so quickly following the US and Iran reaching an interim peace agreement and says analysts and investors “underappreciated the flexibility” in global oil markets during the conflict. (Source: Bloomberg)