Oil prices fall as Goldman Sachs raises December Brent crude forecast to $105

Global crude oil prices eased on Monday, even as Goldman Sachs raised its December Brent crude price forecast. A market survey by DAILY POST showed that Brent and West Texas Intermediate, WTI, crude benchmarks dropped to $108.90 and $99.73 per barrel, respectively, at the time of reporting. This means that both crude oil benchmarks declined by 3.99 per cent and 4.22 per cent, respectively, from over $113 and $103 per barrel recorded at the weekend. DAILY POST reports that crude oil prices have continued to fluctuate amid developments in the Gulf region involving Iran, the United States and Israel, following several months of conflict. Amid crude oil price volatility resulting from the Mid...