"Goldman Sachs Predicts Impressive 31% Energy Returns in Just 12 Months"

Goldman Sachs predicts that energy will generate returns of 31% over the next year, with commodities as a whole expected to gain as a hedge against supply risks caused by geopolitical developments. The investment bank recommends "going long commodities" in 2024, particularly energy and industrial metals. Goldman also sees oil prices rising due to OPEC's output cuts and ongoing demand resilience. However, the bank lowered its Brent crude forecast for 2024 due to expectations of lower demand and higher supply. Morgan Stanley disagrees with Goldman's outlook, forecasting deep interest rate cuts by the Federal Reserve over the next two years as inflation cools.