Goldman Sachs’ top oil gurus lay out a completely different take than Trump has on where prices should be
- President Donald Trump lashed out at OPEC on Friday, tweeting that oil prices were “artificially very high” after oil rose to a three-year high on Thursday.
- Saudi Arabia is said to be targeting $80 a barrel.
- In a note, commodity strategists at Goldman Sachs laid out the case for Brent crude oil hitting $80 a barrel by the end of this year.
President Donald Trump turned on the oil market in a Friday-morning tweet.
“Looks like OPEC is at it again,” Trump said, referring to the Organization of Petroleum Exporting Countries, a group of mostly Middle Eastern and African oil