Goldman Sachs predicts crude will hit $140 a barrel this summer Goldman Sachs analysts expect global prices for crude to soar to $140 per barrel as soon as this summer, as a decline in Russian production, along with a gradual recovery in China’s demand, is expected to add to pressure on supplies that are already low. “A large spike in prices remains quite possible this summer, when demand seasonally reaches its peak,” the bank’s analysts wrote in the note, seen by The Insider. Goldman’s analysts expect prices to grow “given the current record low levels of inventories,” saying that Brent would average around $140
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