The Bank expects oil rise by about $ 10.

Thu, 29 Sep 2016 08:32:31

Goldman Sachs predicted that contributes to the agreement reached by OPEC, Wednesday 29 September, reduced production, higher oil prices between 7-10 dollars during the first half of next year.

Goldman analysts said in a press release "the strict application of the agreement today would mean production slipped between 480 and 980, 000 bpd in 2017.

The Bank reiterated its forecast for the price of a barrel of us crude West Texas intermediate at 43 dollars until the end of 2016, while predicting that up to 53 dollars by 2017.

And whether the Organization of petroleum exporting countries Wednesday agreed to modest reductions in oil production in the first arrangement of its kind since 2008 after biggest softened previous conditions of WTO members toward Iran.

Oil prices jumped and backed the agreement by about 6% at the previous meeting but recommenced landing, Thursday 29 September by questioning the applicability of the agreement.

By 10:25 a.m. Moscow time (07:25 GMT) crude dropped the world record mix Brent 31 cents to 48.38 dollars, as us light crude slipped 16 cents to $ 46.89.