Goldman Sachs predicts Brent crude at 80-90 dollars

Goldman Sachs Bank expects Brent crude oil prices to range between $80 and $90 per barrel until a nuclear agreement is reached between the United States and Iran or a major escalation occurs in their conflict. It noted that the market is still experiencing a supply shortage despite the decline in prices due to certain administrative sanctions planned by the United States and progress in negotiations regarding the Strait of Hormuz. Global oil inventories have decreased by 6.3 million barrels per day over the past two weeks, with exports from the Gulf, Russia, and increasing Asian imports, all of which raise risks to market supplies.

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