SA: Oil sinks on fear of new Covid variant stifling demand
SEEKING ALPHA reports: – Crude oil prices and energy stocks are taking it on the chin ...
Goldman Sachs has boosted its oil price target to $90, citing the lingering impact of Hurricane Ida on supply while demand ramps up, particularly in COVID-averse Asia.
Analysts led by Damien Courvalin lifted their year-end forecast on Brent crude-oil to $90 from $80.
Hurricane Ida should prove to be the most bullish hurricane in U.S. history, cancelling the ramp-up in OPEC+ output since July.