Goldman: Oil Could Hit $85 In The Fourth Quarter

A colder winter and soaring natural gas prices globally could lead to higher-than-expected oil prices at the end of this year, with the potential for oil hitting $85 per barrel in the fourth quarter, Goldman Sachs says. Goldman, which has a price forecast of $80 a barrel oil for the last quarter of 2021, believes that the natural gas crunch combined with a colder-than-usual winter in Europe and Asia could pose an upside risk of $5 a barrel to its Q4 price projection, the bank’s analysts said in a note on Sunday carried by Reuters. “The…