{"id":438741,"date":"2021-09-28T11:05:18","date_gmt":"2021-09-28T05:35:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438741"},"modified":"2021-09-28T11:52:00","modified_gmt":"2021-09-28T06:22:00","slug":"goldman-expects-oil-prices-to-hit-90-by-year-end-as-supply-tightens-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/goldman-expects-oil-prices-to-hit-90-by-year-end-as-supply-tightens-2\/","title":{"rendered":"Goldman expects oil prices to hit $90 by year-end as supply tightens"},"content":{"rendered":"<p>(Reuters) &#8211; Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a faster fuel demand recovery from Delta variant and Hurricane Ida&#8217;s hit to production led to tight global supplies.<\/p>\n<p>Brent futures hit a near three-year high last week as global output disruptions have forced energy companies to pull large amounts of crude out of inventories.<\/p>\n<p>Oil prices were trading at $79.19 a barrel, as of 0619 GMT on Monday, while U.S. West Texas Intermediate (WTI) crude were at $75.08 a barrel.<\/p>\n<p>&#8220;While we have long held a bullish oil view, the current global supply-demand deficit is larger than we expected,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a faster fuel demand recovery from Delta variant and Hurricane Ida&#8217;s hit to production led to tight global supplies. Brent futures hit a near three-year high last week as global output disruptions have forced energy companies to pull large amounts of crude out of inventories. Oil prices were trading at $79.19 a barrel, as of 0619 GMT on Monday, while U.S. West Texas Intermediate (WTI) crude were at $75.08 a barrel. &#8220;While we have long held a bullish oil view, [&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-438741","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\/438741","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=438741"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438741\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}