fintech / news / / The Sunday Times
Brent crude has reached its highest level in almost three weeks.
Goldman Sachs raised its Brent crude forecast for Q4 to $90 a barrel from $80.
KEY POINTS
- Exports from the Strait of Hormuz are now expected to normalise only by the end of June.
- Goldman estimates 14.5 million barrels of crude oil are lost daily while the strait remains closed.
- Oil prices rose after Iran released video of commandos boarding a cargo ship in the Strait of Hormuz.
COMPANIES
Summarized by Newsio from The Sunday Times. How we summarize →