• Goldman Sachs ramped up its already optimistic forecast calling for Brent crude to hit $90 a barrel by the end of the year. That’s up from its previous call for $80. The Wall Street bank expects U.S. crude to hit $87 a barrel, up from $77 previously.
Read MoreTag: Goldman Sachs
This Week’s Market Buzz
Goldman Sachs has reiterated its forecast that Brent crude will hit $80 per barrel this summer as demand quickly recovers. “Rising vaccination rates are leading to higher mobility in the United States and Europe, with global demand estimated up 1.5 million barrels per day (mb/d) in the last month to 96.5 mb/d,” the investment bank said in a note as…
Read More