MarketWatch reports:
Goldman Sachs has boosted its oil price target to $90, citing the lingering impact of Hurricane Ida on supply while demand ramps up, particularly in COVID-averse Asia.
Analysts led by Damien Courvalin lifted their year-end forecast on Brent crude-oil to $90 from $80.
Hurricane Ida should prove to be the most bullish hurricane in U.S. history, cancelling the ramp-up in OPEC+ output since July.
At the same time, global oil demand is …
The post MW: Goldman Sachs hikes oil forecast to $90, citing ‘most bullish hurricane in history’ appeared first on The Loadstar.
Source: The Loadstar
Be the first to comment on "MW: Goldman Sachs hikes oil forecast to $90, citing ‘most bullish hurricane in history’"