Investment bank Goldman Sachs has reiterated it’s Brent oil year-end price target of $80 per barrel, citing short-term upside risks from the reintroduction of Iran sanctions next week, according to Reuters. Key points (Source: Reuters) Demand growth forecast while down slightly to 1.55 million barrels per day (mb/d) and 1.45 mb/d year-over-year in 2018-19, remains above consensus expectations. Iran exports will fall further in the face of low OPEC spare capacity and that oil demand growth will prove resilient. 2018 oil demand growth is likely not as bad as first appears, with understated EM destocking implying excessively weak apparent demand. Chinese demand continues to surprise to the upside despite the ongoing activity slow down. Forecasts resilient global growth, with the outperformance of the US over EM growth set to gradually reverse and with oil power demand destruction also likely to slow in the middle east next year. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Trade Surplus jumps as exports lift and imports dip – Westpac FX Street 4 years Investment bank Goldman Sachs has reiterated it's Brent oil year-end price target of $80 per barrel, citing short-term upside risks from the reintroduction of Iran sanctions next week, according to Reuters. Key points (Source: Reuters) Demand growth forecast while down slightly to 1.55 million barrels per day (mb/d) and 1.45 mb/d year-over-year in 2018-19, remains above consensus expectations. Iran exports will fall further in the face of low OPEC spare capacity and that oil demand growth will prove resilient. 2018 oil demand growth is likely not as bad as first appears, with understated EM destocking implying excessively weak apparent demand.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
