Goldman Sachs see oil prices rallying above USD 50 if OPEC agree output cut

Goldmans offer their take on this week’s OPEC meeting 29 Nov
Courtesy of our good friends at Livesquawk
–  if the proposed OPEC production cut to 32.5 Mb/D is agreed to, we would expect prices to rally to the low $50s/Bbl, with observed implementation required to support prices further
Brent currently $ 48.72 WTI $46.63 both off session highs