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Goldman Sachs: Oil Prices To Hit $105 On Solid Demand Growth

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Solid growth in global oil demand is set to drive oil prices to above $100 this year and Brent Crude could trade at $105 per barrel by the fourth quarter, according to Goldman Sachs.   World oil demand is set to increase by 2.7 million barrels per day (bpd) in 2023 and the market would return to deficit in the second half of the year, the U.S. investment bank said in a note carried by The National. China’s re-opening and the huge crude oil import quotas just allocated to private refiners in the world’s largest crude oil importer…

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