Oil prices could rise to $65 a barrel by July 2021 amid a tight oil market and slow rebound in demand, Goldman Sachs said.
This could help push benchmark Brent crude to $65 a barrel by July, with less industry investment in supply skewing risks to the upside in 2022, the bank said.“We are moderating the demand rebound to account for a slower start of vaccination and a cautious pace of reopening, leading in particular to a slower recovery in jet demand,” Goldman said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: