_goldman-sachs-predicts-brent-crude-oil-prices-to-surge-to-3686-per-barrel-driven-by-summer-deman.jpg "Goldman Sachs Predicts Brent Crude Oil Prices to Surge to $86 Per Barrel Driven by Summer Deman from shanahan transportation pittsburgh Video Screenshot Preview")
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⏲ Duration: 0:35
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✓ Published: 12-Jun-2024
👁 View: 300K times
✓ Published: 12-Jun-2024
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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.
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.
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