Goldman increases 2019 oil price forecasts amid supply cuts, sanctions
That comes as Goldman expects the global oil market to remain in a supply-decit of about 0.5 million barrels per day in the second quarter. The bank now sees Brent prices at $72.50 per barrel in the second quarter, compared with $65 previously. But it maintained its 2020 Brent oil price forecast at $60 per barrel.
Goldman expects the global oil market to remain in a supply-decit of about 0.5 million barrels per day in the second quarter, Photo: Reuters