Brent crude futures are up 13% to about $87 a barrel so far in 2024, while U.S. oil futures are up about 15% to more than $82 a barrel in the same period.
“We still see a $90/bbl ceiling on Brent in our base case of no geopolitical supply hits,” Goldman Sachs added.
Oil prices held near a three-week low on Thursday as investors weighed mixed U.S. economic data, U.S. sanctions on Venezuela and Iran and easing tensions in the Middle East. O/R
(Reporting by Anushree Mukherjee in Bengaluru; Editing by Sandra Maler and Jamie Freed)
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