Brent likely to hold $75/bbl floor despite macro fears, Goldman says
Aug 5 (Reuters) -Brent prices are likely to stay above $75 per barrel as the oil market will withstand macro recessionary fears and find support in the coming weeks, Goldman Sachs said on Monday.
Limited recession risk, strong demand in the West and from India, and very low speculative positioning having room to recover will support oil prices in the coming weeks, analysts at Goldman Sachs GS.N said in a note.
Reporting by Brijesh Patel and Anushree Mukherjee in Bengaluru
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