Goldman Sachs Expects The Price of Oil to Reach $ 100 in The Second Half

Goldman Sachs expects oil to reach $100 a barrel in the second half of this year, citing less-than-expected demand damage from the Omicron variable, as well as increased supply disruptions.

According to Reuters, the US bank expected, in a note dated Monday, that Brent crude prices would reach $90 a barrel in the first quarter of this year, $95 in the second quarter, and $100 a barrel in the last two quarters.

He also raised the forecast for the Brent crude for 2022 and 2023 to $96 and $105 per barrel, compared to the previous estimate of $81 and $85, respectively.