Goldman Expects Oil To Reach $65 Next Year2 Sep 2020 11:32
https://oilprice.com/Energy/Oil-Prices/Goldman-Expects-Oil-To-Reach-65-Next-Year.html
Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel, according to Goldman Sachs analysts.
In a note, they also said they expected West Texas Intermediate to rally to $55.88 a barrel by the third quarter of next year, up from $51.38 a barrel in earlier forecasts, Business Insider reports.
"There is a growing likelihood that vaccines will become widely available starting next spring, helping support global growth and oil demand, especially jet," the Goldman analysts said.