Mon, 2021-02-22 21:26
DUBAI: The price of a barrel of Brent crude is forecast to reach $75 in the third quarter of this year, according to energy analysts at US investment bank Goldman Sachs.
The projection comes in the wake of a sustained rally in global oil prices as continued restrictions on supply – led by Saudi Arabia after its surprise 1 million barrels per day (bpd) voluntary cut in February – met increased demand as coronavirus disease (COVID-19) vaccines being rolled out around the world increased hopes of an economic recovery.
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