Goldman Sachs Raises Year-Ahead Brent Oil Forecast To $100

Goldman Sachs raised on Wednesday its 12-month ahead forecast for Brent Crude oil prices to $100 per barrel from $93 previously expected as it sees stronger inventory draws with the extended OPEC+ cuts and global demand growth. “We have nudged up our 12-month ahead Brent forecast from $93 a barrel to $100 a barrel as we now expect modestly sharper inventory draws,” analysts at Goldman Sachs wrote in a note on Wednesday, as carried by Reuters. The key reasons for the higher expected Brent Crude prices are that the lower OPEC oil supply…