1. Goldman Sachs Sees $75 Oil In Q3 2021  OilPrice.com
  2. Crude Oil Price Forecast - Crude Oil Markets Shoot Higher  FX Empire
  3. Oil Surges as Investors Bet Commodity Demand to Take Off  Yahoo Canada Finance
  4. Texas Blackouts Mask All the Reasons Oil Prices Can Tumble  Bloomberg
  5. Oil Prices Spike As U.S. Outages Tighten Supply  OilPrice.com
  6. View Full coverage on Google News
Goldman Sachs is now even more bullish on oil, expecting Brent Crude prices to hit $75 a barrel in the third quarter this yearGoldman Sachs is now even more bullish on oil, expecting Brent Crude prices to hit $75 a barrel in the third quarter this year

Goldman Sachs Sees $75 Oil In Q3 2021 | OilPrice.com

(Bloomberg) -- Oil surged as traders and investment banks see global supplies rapidly tightening in response to a vaccination-led recovery this summer.Futures in London jumped 3.7% on Monday, its largest daily gain since early January, as a range of bullish calls and upward revisions to price forecasts boosted optimism over oil demand. Goldman Sachs Group Inc. sees Brent reaching $75 a barrel as consumption continues to recover faster than supply from OPEC+ and shale. Meanwhile, Morgan Stanley also boosted estimates as it sees oil heading for what may be the tightest quarter since at least 2000.“The market is looking at a more constructive view from a demand perspective and a tighter view from a supply perspective,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. “With economies reopening and vaccinations accelerating, the market has to question if there’s enough oil at the moment as we head into peak demand season.”The loss of crude production from the unprecedented polar blast in the U.S. will help further firm oil markets heading into the summer as much of the world emerges from lockdowns, Trafigura Group’s co-head of oil trading Ben Luckock said in a Bloomberg Television interview. Some 40 million barrels of February oil output, largely from the Permian Basin, will not be produced due to the freeze, Luckock said.Global benchmark crude has gained over 25% this year after a January pledge from Saudi Arabia to deepen production curbs turbocharged a rally triggered by Covid-19 vaccine breakthroughs. Brent’s prompt timespread has firmed in a bullish backwardation structure, signaling a tighter market and helping to unwind global stockpiles built up during the pandemic. Crude oil stored at sea fell to an 11-month low last week, according to Vortexa, in another sign of dwindling supplies.Joining the chorus of bullish calls on oil, Socar Trading SA sees prices hitting $80 a barrel this year as the glut of excess oil inventories built up in response to the pandemic gets fully drawn down by the summer. Even with Saudi Arabia and Texas producing, “the fear is that in 12 months there will be a shortage,” Socar’s chief trading officer said.Still, the supply picture is far from certain. Saudi Arabia and Russia are heading toward an OPEC+ meeting next week with differing opinions on whether to add more supply to the market in April. The kingdom wants to hold output steady, according to delegates, but Moscow is indicating that it still wants to proceed with an increase.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.(Bloomberg) -- Oil surged as traders and investment banks see global supplies rapidly tightening in response to a vaccination-led recovery this summer.Futures in London jumped 3.7% on Monday, its largest daily gain since early January, as a range of bullish calls and upward revisions to price forecasts boosted optimism over oil demand. Goldman Sachs Group Inc. sees Brent reaching $75 a barrel as consumption continues to recover faster than supply from OPEC+ and shale. Meanwhile, Morgan Stanley also boosted estimates as it sees oil heading for what may be the tightest quarter since at least 2000.“The market is looking at a more constructive view from a demand perspective and a tighter view from a supply perspective,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. “With economies reopening and vaccinations accelerating, the market has to question if there’s enough oil at the moment as we head into peak demand season.”The loss of crude production from the unprecedented polar blast in the U.S. will help further firm oil markets heading into the summer as much of the world emerges from lockdowns, Trafigura Group’s co-head of oil trading Ben Luckock said in a Bloomberg Television interview. Some 40 million barrels of February oil output, largely from the Permian Basin, will not be produced due to the freeze, Luckock said.Global benchmark crude has gained over 25% this year after a January pledge from Saudi Arabia to deepen production curbs turbocharged a rally triggered by Covid-19 vaccine breakthroughs. Brent’s prompt timespread has firmed in a bullish backwardation structure, signaling a tighter market and helping to unwind global stockpiles built up during the pandemic. Crude oil stored at sea fell to an 11-month low last week, according to Vortexa, in another sign of dwindling supplies.Joining the chorus of bullish calls on oil, Socar Trading SA sees prices hitting $80 a barrel this year as the glut of excess oil inventories built up in response to the pandemic gets fully drawn down by the summer. Even with Saudi Arabia and Texas producing, “the fear is that in 12 months there will be a shortage,” Socar’s chief trading officer said.Still, the supply picture is far from certain. Saudi Arabia and Russia are heading toward an OPEC+ meeting next week with differing opinions on whether to add more supply to the market in April. The kingdom wants to hold output steady, according to delegates, but Moscow is indicating that it still wants to proceed with an increase.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Oil Surges as Investors Bet Commodity Demand to Take Off

Crude oil markets rallied significantly during the trading session on Monday, breaking higher after a couple of days’ worth of negativity.Crude oil markets rallied significantly during the trading session on Monday, breaking higher after a couple of days’ worth of negativity.

Brent oil gained as traders weighed the return of U.S. crude production that was hit by freezing temperatures across Texas last week, against weaker refinery demand as plants impacted by related power outages resume operations.

Brent oil climbs back above US$63 with Goldman seeing more gains - BNN Bloomberg

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It was only last spring that the price of a barrel of oil plunged below zero amidst a historic crash in fuel demand brought on by a deadly pandemic. Fast-forward to this February and there's talk about how high prices might climb.It was only last spring that the price of a barrel of oil plunged below zero amidst a historic crash in fuel demand brought on by a deadly pandemic. Fast-forward to this February and there's talk about how high prices might climb.

Oil prices spiked to 13-month highs last week after the Texas Freeze, but prices sagged toward the latter part of the week. But on Monday, a new price rally beganOil prices spiked to 13-month highs last week after the Texas Freeze, but prices sagged toward the latter part of the week. But on Monday, a new price rally began

Oil Prices Spike As U.S. Outages Tighten Supply | OilPrice.com

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Goldman sees brent hitting $75 this year It's been awhile since I've seen a commodity call get as much attention as the bullish call from . Goldman Sachs last night By Adam ButtonGoldman sees brent hitting $75 this year It's been awhile since I've seen a commodity call get as much attention as the bullish call from . Goldman Sachs last night

Oil swings higher, bullish Goldman Sachs call gets heavy play

Bloomberg - Are you a robot?

Oil prices rose nearly 4% on Monday, boosted by the expected slow return of U.S. crude output after last week's deep freeze in Texas shut in production.Oil prices rose nearly 4% on Monday, boosted by the expected slow return of U.S. crude output after last week's deep freeze in Texas shut in production.

Oil jumps almost 4% as output slow to recover from Texas storms | Reuters

Oil surged as traders and investment banks see global supplies rapidly tightening.Oil surged as traders and investment banks see global supplies rapidly tightening.

Oil Futures Show Strong Gains  | Rigzone

S&P Global Platts is to include US WTI Midland crude in its Dated Brent benchmark -- the world's biggest crude benchmark -- in a major change to what has previously been an exclusively North Sea-based assessment.

Platts to add US' WTI Midland crude to Dated Brent benchmark from July 2022 | S&P Global Platts

A robust recovery in demand from the Covid-19 pandemic had pushed prices to the highest settlement in more than a year last Wednesday, and Goldman Sachs sees the rally accelerating as consumption outpaces supply from OPEC and shale.A robust recovery in demand from the Covid-19 pandemic had pushed prices to the highest settlement in more than a year last Wednesday, and Goldman Sachs sees the rally accelerating as consumption outpaces supply from OPEC and shale.

Crude soars as key banks and traders project further oil price gains

Brent’s premium remains steady at above the $3 level Brent’s next test is at January 2020 high Brent is OPEC’s price Iran could cause supply problems The BNO ETF tracks the world’s leading benchmark Brent crude oil is the petroleum… Read more ›

Brent Crude Oil's Bullish Developments, Approaching Important Level - ETF Daily News

Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic.Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic.

Lots of demand, not enough supply and global economies recovering from the COVID-19 pandemic are all recipes for booming oil prices, says Goldman Sachs.Lots of demand, not enough supply and global economies recovering from the COVID-19 pandemic are all recipes for booming oil prices, says Goldman Sachs.

Oil prices will rally ‘sooner and higher.’ Expect $75 Brent crude this year, says Goldman Sachs - MarketWatch

Oil prices will rally faster and sharper than previously expected as demand outstrips supply increases from OPEC+, Iran and U.S. shale, according to Goldman Sachs Group Inc.Oil prices will rally faster and sharper than previously expected as demand outstrips supply increases from OPEC+, Iran and U.S. shale, according to Goldman Sachs Group Inc.

(Bloomberg) -- The North Sea oil price that serves as a benchmark for millions of barrels of physical crude transactions each day will from next year be set partly through buying and selling of U.S. cargoes, triggering a rush for many parts of the market to be ready in time.U.S. Crude Will Help to Set Global Brent Oil Benchmark From 2022

U.S. Crude Will Help to Set Global Brent Oil Benchmark From 2022

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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The Wall Street bank expects Brent prices to reach $70 per barrel in the second quarter from the $60 it predicted previously and to $75 in the third q..The Wall Street bank expects Brent prices to reach $70 per barrel in the second quarter from the $60 it predicted previously and to $75 in the third q..

Goldman raises Q3 Brent price forecast to $75/bbl on lagging supply view, Energy News, ET EnergyWorld

The CFTC data showed that money managers increased net long positions to 2 years high by 10,022 lots last week.The CFTC data showed that money managers increased net long positions to 2 years high by 10,022 lots last week.

Crude Oil Futures Climb 0.84% To Rs 4,340 On MCX, WTI Crude Trades Below $60 A Barrel

Brent crude was up 51 cents, or 0.8%, at $63.42 a barrel by 0945 GMT, after gaining nearly 1% last week. U.S. oil rose 45 cents, or 0.8%, to $59.69 a barrel, having fallen 0.4% last weekBrent crude was up 51 cents, or 0.8%, at $63.42 a barrel by 0945 GMT, after gaining nearly 1% last week. U.S. oil rose 45 cents, or 0.8%, to $59.69 a barrel, having fallen 0.4% last week

Oil prices grow over slow revival of storm-hit US crude output

The unusual winter storm playing in key areas of the world's largest producer of oil saw an estimated four million barrels per day of oil output shut down in TexasOil traders are going bullish on the black liquid hydrocarbon, over the unprecedented cold snap in a leading American energy hub, Texas

World's largest oil producer loses four million barrels per day | Nairametrics

Oil prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather and power outages.Oil prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather and power outages.

Asian LNG prices slip while US natural gas futures mark weekly gain - The Peninsula Qatar

Prospects for the rollout of vaccines to spur economic recovery and in turn to drive the demand for oil has helped to push the price of global crude ...Prospects for the rollout of vaccines to spur economic recovery and in turn to drive the demand for oil has helped to push the price of global crude ...

Oil price to surge as global consumption 'to return to pre-virus levels by late July'

Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale…Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale and Iran, according to Goldman Sachs Group Inc.

Goldman sees Brent Crude oil at

Some refiners may take early maintenance which could limit demand for crude oil, while cutting supply for gasoline.Some refiners may take early maintenance which could limit demand for crude oil, while cutting supply for gasoline.

Oil Price Fundamental Weekly Forecast – Bulls Dealing with Refinery Demand Issues, Possible OPEC+ Output Hike

Consumption will get back to pre-virus levels by late July, the bank said in a noteConsumption will get back to pre-virus levels by late July, the bank said in a note

Oil prices up 20% this year. Goldman Sachs forecasts further 20% jump this year