Goldman Sachs Sees $105 Oil In 2023

Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” on the oil market now due to the much milder and potentially briefer impact of Omicron on oil demand, Goldman Sachs says. “Importantly, we are not forecasting Brent trading above $100/bbl on an argument of running out of oil as the shale resources is still large and elastic,” Goldman Sachs strategists including Damien Courvalin and Jeff Currie wrote in a note to clients dated Monday, as carried by ZeroHedge.…