Goldman Sachs Cuts Fourth-Quarter Crude Forecast to $80 (opens original article in a new tab)

Goldman Sachs cuts fourth-quarter crude forecast to $80, citing US-Iran peace agreement and global supply flexibility as key factors.

• Goldman Sachs lowers fourth-quarter crude oil price forecast to $80.
• Reasons for price drop include US-Iran interim peace agreement and underappreciated global supply flexibility.
• Daan Struyven, co-head of global commodities research, explains the rapid decline in oil prices.