- Exxon Mobil Corp (NASDAQ:XOM) shares gained Monday as Goldman Sachs Group, Inc (NYSE:GS) reiterated its forecast for Brent prices at $95 by December 2023 and $100 for April 2024 despite the sharp declines in oil prices lately.
- The firm predicts that supply deficits will likely surge in the second half of the year.
- The current selloff was driven mainly by recessionary fears about demand, the U.S. banking crisis, and reports about increased oil production in Russia, Iran, and other OPEC nations.
- Further increases in emerging market demand, along with OPEC cuts, will result in oil supply shortfalls in the second half of the year, according to Goldman Sachs.
- Last week reports suggested Exxon Mobil is not giving up on oil exploration in Brazil because of its good rocks, good commercial terms, stable fiscals, and technological advancement.
- Price Action: XOM shares traded higher by 0.86% at $109.61 on the last check Monday.
- Photo via Wikimedia Commons
Hoth Therapeutics Announces Major Milestone Of First Patient Dosed In Phase 2a Clinical Trial
Hoth Therapeutics, Inc. (NASDAQ:HOTH), a patient-focused biopharmaceutical company, today announced today that the first patient has been dosed in its Phase 2a clinical trial of HT-001 for the treatment
