Goldman Sachs has released its latest oil price forecast.
According to a recent Goldman Sachs forecast, the price of Brent crude oil, at $80-$90 per barrel, is likely to remain within that range until a new agreement between the United States and Iran is reached, or if the conflict between the two countries escalates significantly. The analyst believes that the physical supply of crude oil is still shrinking, while the prices currently only reflect moderate risk premiums.
According to a recent Goldman Sachs forecast, the price of Brent crude oil per barrel could remain in the $80-$90 range until a new US-Iran agreement is reached or the conflict between the two countries escalates significantly. The analyst believes that the physical oil market supply will continue to shrink, while the prices currently reflect only moderate risk premiums.
