• Brent oil will climb 17% from current levels as demand outpaces supply, Goldman Sachs says

    14 days ago - By Business Insider

    The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County
    Reuters
    Brent oil should rise to $70 during the second quarter and to $75 in the third quarter, said Goldman Sachs in a research note Monday.
    OPEC and its allies will likely increase production at its March meeting but that still may fall short of Goldman's demand forecast.
    Global oil demand should hit 100 million barrels per day by late July, the investment bank says.
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    Brent oil should jump 17% from current levels to $75 per barrel this...
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