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Goldman Sachs says the weekend’s OPEC+ agreement is supportive for oil prices

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Goldman Sachs reiterating pretty much what they said last week when the Saudi/UAE spat appeared resolved:

Goldman Sachs note now that the agreement has been reached.

GS add they expect price volatility due to the impact of rising Delta variant risks.

The deal increases supply at a rate of 400k bbls/day over the months August to December inclusive (see the linked post for more)

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