Oil could hit $107 due to Saudi Arabia’s and Russia’s supply cuts, Goldman Sachs warns

Oil could hit $107 due to Saudi Arabia’s and Russia’s supply cuts, Goldman Sachs warns

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Oil prices could climb well into triple-digit territory by next year if Russia and Saudi Arabia don’t unwind their aggressive supply cuts, Goldman Sachs warned its clients. The Wall Street bank had already factored in the possibility of high oil prices long before Russia and Saudi Arabia…

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