Analysts at Goldman Sachs expect oil prices to continue rising in 2021, however, they expect prices to trade around $35 per barrel in the near-term. “We are bullish further out into next year”, Jeff Currie, head of commodities research at Goldman Sachs told Bloomberg, and added that, “we are sticking with our $35 per barrel target on a near-term basis.” Currie said the demand for gasoline and other fuels would rise as countries lift lockdown restrictions, helping boost prices. Goldman Sachs expect Brent prices to average $55 per barrel in 2021. At press time, Brent oil is changing hands at $41.80, representing a 37% decline on a year-to-date basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Forecast: BTC/USD bulls stay in control for the second straight day as price makes a charge towards $9,250 FX Street 3 years Analysts at Goldman Sachs expect oil prices to continue rising in 2021, however, they expect prices to trade around $35 per barrel in the near-term. "We are bullish further out into next year", Jeff Currie, head of commodities research at Goldman Sachs told Bloomberg, and added that, "we are sticking with our $35 per barrel target on a near-term basis." Currie said the demand for gasoline and other fuels would rise as countries lift lockdown restrictions, helping boost prices. Goldman Sachs expect Brent prices to average $55 per barrel in 2021. At press time, Brent oil is changing hands at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
