Goldman Sachs raises Q1 2017 WTI forecast to $ 55 – Livesquawk

Livesquawk reports latest headlines from the US-based investment bank, Goldman Sachs, noting that the bank has raised its WTI crude price-forecast to $ 55/ barrel for the first quarter of 2017, in wake of an OPEC production cut and Russia’s output freeze deal.

Meanwhile, both crude benchmarks are extending the upside to trade almost +1.50%, on the back of renewed optimism over a potential OPEC output cut deal.