Goldman Sachs Expects Crude Prices To Rise In 2021

Goldman Sachs’ commodity analysts remain guarded about oil’s potential to rise over the near term, but in 2021, prices may start to improve, commodity chief Jeffrey Currie told Bloomberg’s Alix Steel. Currie is sticking to the $35-a-barrel oil price forecast over the short term, he said, adding that if prices increased quickly, they would interfere with the market rebalancing by bringing more shale production back online. As for demand and supply, Currie noted a marked improvement in demand, although in some parts of…