Brent oil now seen higher at $ 72.50 in Q2 – Goldman Sachs

Analysts at the US investment banking giant, Goldman Sachs, upped their Brent oil-price forecast for this quarter.

Key Highlights:

“Brent forecasts raised to $ 72.50 vs. their previous forecast of $ 65, citing better macroeconomic environment and threat of supply disruption.

However, after the northern summer, prices to fall as OPEC production increases.”