# Oil Gets Back in the Groove as Goldman Leads Bullish Forecasts - Bloomberg

> Oil futures settled 1.7% higher after Goldman Sachs forecast Brent reaching $82.50 within six months. Goldman also said the oil market rebalancing has likely been achieved earlier than expected.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/66685-oil-gets-back-in-the-groove-as-goldman-leads-bullish-forecasts-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A bank forecast of higher prices supports energy-linked costs for feed producers, including diesel and natural gas. The effect on grain and meal prices is indirect.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-02-01/oil-extends-gains-near-65-after-u-s-gasoline-inventories-drop

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.