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Oil Prices Surge. Here’s How High Goldman Sachs Says They Can Go.

·2 min read
Oil Prices Surge. Here’s How High Goldman Sachs Says They Can Go.
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Hurricane Ida also hit oil output, a primary reason Goldman sees the price going to $90. Goldman Sachs has raised its oil price forecast to $90 a barrel as it said Hurricane Ida should prove to be “the most bullish hurricane in U.S. history.” “Global oil demand is back to converging to pre-Covid levels led by mobility in Asia, including China, and with the Delta Covid impact fading,” they said, adding that the global decline in air travel was smaller than first feared.