Goldman Sachs has lifted its H2 2024 and 2025 Brent crude oil price forecasts higher:US$86/bbl and $82/bbl respectivelyfrom previously at $85 and $80In a note Tuesday Goldman Sachs said it expects further moderation in the still-elevated geopolitical risk premium of $5-10 per barrel for crude oil in the coming monthsstill holds a range-bound viewsees a build in landed crude inventories over the past month as crude oil on water unloads on land “Inventories are rising in our tracking of OECD landed stocks—a key driver of oil prices—as large prior builds of oil on water (partly as a result of Red Sea rerouting) are now unloading on land, reducing physical tightness.”Oil price up
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