Predicts Fall to $60 a Barrel

By: cryptosheadlines|2025/05/06 19:00:02

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Leading global investment bank Goldman Sachs has trimmed its oil price forecast, indicating that Brent Crude will fall to $60. The bank had previously stated that the prices of oil could fall to $63, but they have now gone down further. The forecast comes on a higher OPEC supply assumption from July this year.Also Read: Ripple: Forecast Suggests XRP Could Plunge Nearly 50%After the Goldman Sachs prediction was made public, Brent Crude oil prices were already trading at the $61.50 range. It briefly touched a low of $60.21 on Monday but went up to $61.50 on Tuesday. In a recent OPEC+ producers meeting led by Saudi Arabia and Russia, the two concluded to increase production capacity by 411,000 barrels per day (bpd).Also Read: Shiba Inu Rose 91,000,000% Last Bull Run: Can It Surge the Same Again?Oil Prices on Their Way Down to $60 a Barrel: Goldman SachsSource: ShutterstockFollowing the announcement of the aggressive hike in production, Goldman Sachs wrote that Brent Crude could fall to $60. “Saturday’s decision increases our confidence that the new baseline size of production increase is likely 0.41mb/d,” wrote the bank. Therefore, the energy sector remains at risk this year as the markets are yet to be stabilized.Also Read: XRP Went From $0.01 to $3.40 Last Bull Run: How High Can It Go Next?“Our key conviction remains that high spare capacity and high recession risk skew the risks to oil prices to the downside,” Goldman Sachs’ strategists wrote in a note. The development indicates that Brent Crude oil prices will touch a low of $60, according to Goldman Sachs. “The decision likely reflects relatively low inventories and a broader shift to a more long-run equilibrium focused on supporting internal cohesion and on strategically disciplining U.S. shale supply,” the investment bank’s strategists said.OPEC+ group’s decision to increase the production capacity of Brent Crude will affect oil prices in 2025, wrote Goldman Sachs. Stepping up output when trade wars and tariffs are ripe is seen as a recipe for disaster. The costs of procuring will go high, leading to losses for refiners and an increase in procurement.Source link

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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