The cost of Brent crude oil in the fourth quarter of 2021 may exceed $80 per barrel, Jeff Currie, Goldman Sachs head of Commodities Research, said in an interview with CNBC, Report informs.
He noted that the reason for the rise in oil prices might be a limited supply and stable demand.
“Demand is reaching those pre-COVID levels, and now the big question is supply,” he added.
As of 23:00 (GMT+4) on September 2, the price of Brent was $72.85 per barrel. WTI was trading at $69.81.