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Find all the economic and financial information on our Orishas Direct application to download on Play StoreCrude oil prices rose the day after the OPEC+ meeting to more than $68. An increase consequent to the "surprise" decision of OPEC+ to maintain its oil supply restrictions until April, combined with Saudi Arabia's determination to perpetuate voluntary cuts in its production.
The OPEC+ decision triggered a wave of new, now optimistic projections from major banks on the evolution of crude oil prices over the next three quarters of the year. US investment bank Goldman
Sachs expects Brent to be $80 a barrel in the third quarter of the year.
The bank raised its Brent forecast by $5 in the second quarter, anticipating a barrel at $75. Brent is expected to climb more than $5 between July and September 2020, to $80, according to analysts at Goldman
Sachs. The Swiss bank, UBS, expects Brent at $75 a barrel and WTI at $72 a barrel in the second half of the year.
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