Goldman Sachs hikes Brent crude forecasts for 2024 and 2025

Goldman Sachs on Thursday revised its Brent crude oil price forecasts, projecting $86 for the second half of 2024, up from $85 previously and $82 for 2025, up from $80.

Goldman Sachs "expects prices to consolidate in coming months as demand-driven boost from Q3 inventory declines offsets moderation in the risk premium," Goldman analysts said in a note.