Goldman lowers Q4 WTI forecast to $43 from $50
Oversupply risks led Goldman Sachs to cut its oil price forecast on Tuesday.
"Given upside surprises to (third-quarter) production and greater clarity on new project delivery into year-end. This leaves us expecting a global surplus of 400,000 (barrels per day) in (the fourth quarter) versus a 300,000 (barrels per day) draw previously," analysts from Goldman Sachs wrote.
