Goldman Sachs Predicts Brent Crude Oil Prices to Surge to $86 Per Barrel Driven by Summer Deman from brent live stream Watch Video
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⏲ Duration: 0:35 👁 View: 120K times ✓ Published: 12-Jun-2024
Description: Goldman Sachs analysts forecast Brent crude oil prices to rise to $86 per barrel this quarter, a nearly 7% increase from current levels. Healthy consumer demand and solid summer demand for transportation and cooling will push the oil market into a sizable third-quarter deficit. Recent oil price declines were exacerbated by OPEC+ plans to unwind output cuts starting in October. Brent crude is trading just above $80 per barrel, while WTI is just over $76 per barrel.