Brent crude to climb to $80/bbl in Northern summer – Goldman Sachs

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Analysts at Goldman Sachs remain constructive on the price outlook for Brent crude oil amid prospects of strengthening demand.

Key quotes

“Brent seen higher $80/bbl in Northern summer.”

“Sees jet fuel demand accelerating.”

“Sees continued rise in demand.”

“Demand will hit 90m bbl/day in August.”

“Despite excess capacity OPEC+ will fall behind the growing demand.’