Goldman Sachs revised upward the forecast for Brent oil prices, motivating the decision with the belief that the market will move from a “cyclical to a structurally bullish market”. Brent prices have been moving to record highs since October 2018. Brent prices are currently up by more than + 1% over $ 79 per barrel. The WTI, at 7 am Italian time today, also advanced more than 1% to $ 74.87.
“We expect this rally to continue, with our year-end estimates for Brent at $ 90 a barrel, up from $ 80 a barrel previously.”
Prices, according to analysts, could fluctuate around $ 90 a barrel between the months of December and January.