AI Could Lower Oil Prices Via Improved Logistics And Resource Allocation: Goldman Sachs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
0mins
Should l Buy MSFT?
Source: Benzinga
Impact of AI on Oil Prices: Goldman Sachs predicts that AI could lower oil prices over the next decade by reducing costs and increasing recoverable resources, potentially leading to a $5/bbl decrease in marginal incentive prices despite a modest increase in oil demand.
Market Sentiment and OPEC Production: Recent data shows that 8 OPEC+ members plan to boost production by 180,000 barrels per day, contributing to bearish market sentiment as Brent crude oil prices fell to $77.21 per barrel amid weakening demand indicators from major economies.
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Analyst Views on MSFT
Wall Street analysts forecast MSFT stock price to rise
34 Analyst Rating
32 Buy
2 Hold
0 Sell
Strong Buy
Current: 413.960
Low
500.00
Averages
631.36
High
678.00
Current: 413.960
Low
500.00
Averages
631.36
High
678.00
About MSFT
Microsoft Corporation is a technology company. The Company develops and supports software, services, devices, and solutions. The Company’s segments include Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of products and services in its portfolio of productivity, communication, and information services. This segment primarily comprises: Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions. The Intelligent Cloud segment consists of server products and cloud services, including Azure and other cloud services, SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (CALs), and Nuance and GitHub; and Enterprise Services, including enterprise support services, industry solutions and Nuance professional services. The More Personal Computing segment primarily comprises Windows, Devices, Gaming, and search and news advertising.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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