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Markets underestimating oil demand; see Brent at $80: Goldman Sachs

International travel, according to Goldman Sachs is another key factor that is likely to trigger a demand rise, which in turn will keep oil prices elevated

Topics
Oil Prices | Crude Oil Price | Brent oil

Puneet Wadhwa  |  New Delhi 

Crude oil
Crude oil

Global are currently underestimating the demand for oil as more economies open up for business, says a recent report by that expects Brent to hit $80 per barrel going ahead. Recently, S&P Global Platts, too, had forecast hitting and staying above $70 a barrel by mid-2021, driven by a more broad-based pickup in economic activity amid widening vaccination rollouts.

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First Published: Mon, May 24 2021. 10:16 IST
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