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[Goldman Sachs Cuts Oil Price Forecast Amid US Economic Growth Concerns] Goldman Sachs Has Joined Other Major Banks Like Morgan Stanley, Bank Of America, Citigroup And JPMorgan Chase In Lowering Oil Price Forecasts, Citing Increasing Pressure On US Economic Growth. Goldman Sachs Reduced Its Brent Crude Price Range To $65-$80 Per Barrel From $70-$85. Other Institutions Anticipate Brent In The High $60s For The Second Half Of The Year And Potentially Even Lower, With JPMorgan Predicting A $61 Average For Next Year And Possibly Touching $50.
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