Oil Price Forecasts for 2024: Goldman Sachs, JPMorgan, Morgan Stanley, and Bank of America

<p>I posted earlier on Goldman Sachs ratcheting a little lower its Brent crude oil projection for 2024:</p><ul><li><a href="https://www.forexlive.com/news/goldman-sachs-trims-2024-brent-crude-oil-forecast-expects-range-bound-trading-20231218/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs trims 2024 Brent Crude Oil forecast, expects range bound trading</a></li></ul><p>Goldman Sachs were at USD80 -100.bbl but have taken this down to $70-90 as per that linked post. </p><p>Rounding up a few forecasts from other analysts for 2024:</p><ul><li>JPMorgan projects crude will average $83 a barrel in 2024 </li><li>
Morgan Stanley sees Brent averaging $85 a barrel in 2024</li><li>And Bank of America forecast for 2024 is an average of $90</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.