Goldman cuts oil forecast by $10 to $100 a barrel

Jeff Currie, Goldman Sachs' global head of commodities, joins 'Squawk on the Street' to discuss Goldman's cut to oil forecasts, concerns around a forced reopening of China, and the longer-term supply and demand slows in oil.

[bigmoose]

This guy has been full of BS. His forecast was oil would be $150, now that market is way below, his forecast is now $100. Horse manure

[bplmedia]

You know what that means. If he’s lowering his targets it’s very Bullish for Oil.

[ChristopherWalkenPUA]

Haha Curry is a joke.... he's been wrong since June when he was calling for $150 a

[AdamSmith-gsdv]

I wouldn't assume China is going to reopen in 2023... They have shown no signs of stopping any time soon

[petermerelis]

can we just stop with the forecasting? ZERO value.

[pureland]

his 'analyses' are all over the place. can't take him seriously tbh

[erichvonmolder]

I don't buy it. He seems to be scrambling.

[drdontpassone]

same guy 3monthsago was talking 160 all this total one knows

[coinraptor]

What happened to all those calls for oil? Going to $140 a barrel 6 months ago?

[oilpricesgoingup]

Jeff you should be ashamed of yourself. You've got about 20 videos online talking about $120-$150 oil this winter. We're at about 1/2 of that. You make a prediction and if it's happens you say I told you so. If it doesn't happen, you simply revise the prediction based on where the price went. So what is the point at the end of the day?

[coolhandlukedubble]

He couldn't answer the question. 🤔

[jinsmsw]

Lol another prediction from Goldman. Their forecasts are always wrong 😅

[sfcilyo]

Cut your paper oil share & after fill your strategic oil reserve with expensive oil, what you get? INFLATION 😂😂😂