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