The Goldman Sachs Group, Inc. (GS)

NYSE - Nasdaq Real Time Price. Currency in USD

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499.03

+7.32

(+1.49%)

At close: 04:00PM EDT

499.89

+0.86

(+0.17%)

After hours:

07:59PM EDT

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Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply
Strategic petroleum reserve stocks are low and regulatory easing may only significantly boost U.S. long-run supply, the bank said in a client note. Oil prices rose slightly on Friday after the release of U.S. economic data that beat analyst estimates, raising investor expectation for increased crude oil demand from the world's largest energy consumer. Goldman Sachs expects Brent prices to range from $75 to $90 in 2025, assuming trend-like growth in gross domestic product (GDP) and steady oil demand as well as market balancing by the Organization of the Petroleum Exporting Countries and affiliates.