Goldman Sachs say nonetheless forecast a Brent vary of USD75 – 90

Reuters reporting remarks from Goldman Sachs:

• Estimates a peak hit to 2025 oil prices of $11/bbl as a result of
  weaker GDP and oil demand in scenario where US imposes
  across-the-board tariff of 10% on goods imports
• We still forecast a
  $75-90 range for Brent given our base cases of trend-like growth in
  GDP and oil demand (under steady US policies), and OPEC+ market
  balancing”
• “The next US
  president will have limited tools to significantly boost 2025 oil
  supply”

This article was written by Eamonn Sheridan at www.forexlive.com.