Goldman Sachs said that the OPEC's agreement to cut production will lead to strong output increase in the US and other countries, Reuters reported. Goldman Sachs said the reduction, which will last for shorter duration this time targeting excess inventory rather than high oil prices, will trigger a strong increase in the US and other countries.
The research house said that it is necessary for the non-OPEC countries to confirm participation in output cut if oil prices have to rise further.
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