Goldman Sachs do not expect a large market reaction if OPEC8+ decides to increase output

  • The meeting is Sunday July 6

Goldman Sachs:

  • “We do not expect a large market reaction if OPEC8+ decides to increase production on Sunday as consensus has already shifted towards this outcome”

It is the consensus, yes, I published this earlier:

Brent crude oil update since the spike higher on the Sunday evening US time/Monday morning Asia time after Trump bombed Iranian nuclear facilities:

brent Goldman Sachs opec 02 July 2025 2

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