$75 Oil Could Be A Reality Again

 The latest forecasts from the commodities team at Goldman Sachs sees global benchmark Brent oil hitting $75 by the third quarter, $10 above their prior forecasts, and $70 by the second quarter. (Market Watch)

“We now forecast that oil prices will rally sooner and higher, driven by lower expected inventories and higher marginal costs — at least in the short run — to restart upstream activity,” said the team — Damien Courvalin, Callum Bruce, Jeffrey Currie and Huan Wei — in a note to clients dated Sunday.