{"id":420049,"date":"2021-06-14T08:35:45","date_gmt":"2021-06-14T03:05:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420049"},"modified":"2021-06-14T08:51:44","modified_gmt":"2021-06-14T03:21:44","slug":"oil-rally-has-more-room-brent-expected-to-hit-80-per-barrel-goldman","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rally-has-more-room-brent-expected-to-hit-80-per-barrel-goldman\/","title":{"rendered":"Oil rally has more room, Brent expected to hit $80 per barrel: Goldman"},"content":{"rendered":"<p>(Reuters) &#8211; U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global economic activity and demand for the commodity.<\/p>\n<p>Brent prices hit $72.93 per barrel this week, their highest level in over two years, fuelled by expectations of stronger demand. <\/p>\n<p>Brent futures were trading at $72.21 a barrel on Friday, while U.S. West Texas Intermediate (WTI) crude was around $70 a barrel.<\/p>\n<p>&#8220;Rising vaccination rates are leading to higher mobility in the U.S. and Europe, with global demand estimated up 1.5 mb\/d (million barrels per day) in the last month to 96.5 mb\/d,&#8221; the bank said in a note released late on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global economic activity and demand for the commodity. Brent prices hit $72.93 per barrel this week, their highest level in over two years, fuelled by expectations of stronger demand. Brent futures were trading at $72.21 a barrel on Friday, while U.S. West Texas Intermediate (WTI) crude was around $70 a barrel. &#8220;Rising vaccination rates are leading to higher mobility in the U.S. and Europe, with global demand estimated up [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-420049","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=420049"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420049\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}