(Bloomberg) -- Goldman Sachs Group Inc. is doubling down on its bullish outlook for oil.
The bank still forecasts that global benchmark Brent crude will hit $67.50 a barrel next quarter, driven by healthy demand and supply curbs by OPEC and its allies such as Russia, analysts including Damien Courvalin said in a Feb. 12 report. Goldman’s estimate is about 7 percent higher than current price levels.