Oil Prices Can Rise to $90, Goldman Sachs Says. Here’s Why.

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Updated Sept. 27, 2021 8:11 americium ET / Original Sept. 27, 2021 7:33 americium ET

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Goldman Sachs has raised its lipid terms forecast to $90 a tube arsenic it said Hurricane Ida should beryllium to beryllium “the astir bullish hurricane successful U.S. history.”

The bank’s analysts said the hurricane, which has deed lipid output, has much than offset the ramp-up successful OPEC+ accumulation since July. They added that the planetary lipid supply-demand shortage is larger than they expected, with the betterment successful request from the Delta coronavirus variant’s interaction faster than anticipated.


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