Reply To: OPEC+ Announces Surprise Cut in Crude Oil Production of Over 1 million Barrels Per Day 


Goldman Sachs on oil comes via Reuters:

Production cuts by OPEC could result in a significantly larger deficit in the market, driving a rally in prices to $100 per barrel by April 2024

Sees “elevated OPEC pricing power – the ability to raise prices without significantly hurting its demand – as the key economic driver”