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Goldman Sachs Sees Oil Prices Rising to $86 This Summer

Goldman Sachs Sees Oil Prices Rising to $86 This Summer

Brent crude prices are set to rise to $86 per barrel this summer amid strong consumer demand which will put the market into a sizeable deficit in the third quarter, according to Goldman Sachs. Oil prices started this week higher, with a slight gain in Asian trade on expectations of higher fuel demand during the summer driving season. As of 8:01 a.m. EDT, the U.S. benchmark, WTI Crude, was trading at $76.03, up by 0.65%. Brent Crude, the international benchmark, had moved above the $80 per barrel mark and traded at $80.17, up by 0.67%…

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