Goldman Sachs reaffirm their Brent $86 forecast (Dec), cite demand return, growth optimism | Forexlive

A note from Goldman Sachs on oil, analysts restating their forecast for Brent crude oil at $86/barrel by December this year.

• Record high demand and Saudi supply cuts have brought back deficits
• The market has abandoned its growth pessimism
• Global oil demand reached a record high in July
• reduction of supply from OPEC+ heavyweights Saudi Arabia and Russia has improved the outlook for crude