Goldman Sachs sees increasing upside risks to its oil forecasts

Analysts at Goldman Sachs published their latest note on the oil market, with the key comments found below.

There are some concerns as upside risks for those forecasts are increasing; as they see that oil producers will respond to the rising price signal.

Last month, Goldman Sachs’ Analysts published 2018 forecasts, with Brent and WTI seen averaging $62 and $57.50 per barrel, respectively.