Oil prices are still painfully high and OPEC might act, Goldman Sachs says
CNN
Energy prices remain uncomfortably high, and OPEC and its allies are under pressure to come to the rescue.
The good news for consumers grappling with elevated pump prices is that Goldman Sachs is warning clients that OPEC+ could announce during Wednesday's virtual meeting it plans step up production.
Noting that oil prices are "entering political intervention territory," Goldman Sachs said in a report Monday night that it no longer assumes OPEC+ will simply stick to its monthly increase of just 400,000 barrels per day.
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