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MW: Goldman Sachs hikes oil forecast to $90, citing ‘most bullish hurricane in history’

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MarketWatch reports:

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.

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