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Home›Commodities›Energy›Goldman Sachs raises oil-price forecasts, flags $120 B…

Goldman Sachs raises oil-price forecasts, flags $120 Brent

The bank’s view shifted within three months, moving from lower forecasts to a higher price outlook.

Reported · Written up by our desk · Energy

Goldman Sachs analysts have reversed course on oil-price expectations, according to MarketWatch.

In a span of just three months, the firm went from lowering its oil-price forecasts to raising them again.

MarketWatch reports that Goldman Sachs now points to the possibility of Brent crude reaching $120.

Latest closeWTI crude $90.46 ▲1.2%|Brent $98.07 ▼4.4%

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Sources

MarketWatchGoldman Sachs flips on oil-price forecasts and says $120 Brent could be next.
MarketWatchGoldman Sachs flips on oil-price forecasts and says $120 Brent could be next.

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