Goldman Hikes Oil Forecasts Again as ‘Hormuz Shock’ Builds
(Bloomberg) — Goldman Sachs Group Inc. raised its oil price forecast as a prolonged closure of the Strait of Hormuz spurred “extreme” inventory depletion. Most read from Bloomberg Analysts including Daan Struyven and Yulia Zhestkova Grigsby said in an April 27 report that Brent crude oil prices averaged $90/barrel in the fourth quarter, higher than…