<ul><li>Goldman Sachs warns that oil prices could fall below $40 a barrel in an 'extreme' scenario.</li><li>Brent crude oil hits a four-year low at $63.90 per barrel.</li><li>The global oil market is experiencing volatility due to the Trump administration's trade war escalation and pushback from economies such as China.</li><li>Goldman Sachs analysts anticipate Brent crude to be at $55 per barrel by December next year in the bank's base-case outlook.</li></ul>

Goldman Sachs Warns Oil Below $40 Is Possible In ‘Extreme’ Scenario

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