USO and UCO Slide as Brent Retreats on De-escalation Hopes
Hopes for a diplomatic breakthrough between the US and Iran weigh on crude prices. Goldman Sachs has reportedly raised its December oil forecast, but the supplied text does not give the forecast level.
Oil markets are facing conflicting signals, with hopes of a diplomatic breakthrough between the US and Iran weighing on crude prices even as growing concerns over Middle East supply disruptions prompt major Wall Street banks to raise their forecasts.Goldman Sachs has reportedly raised its December…