International benchmark Brent crude is likely to continue trading at around $60 a barrel next year, Goldman Sachs said on Wednesday, in the absence of any “meaningful” energy market shocks.
The U.S. investment bank said Brent crude futures had been caught between “worsening growth expectations and rising Middle East tensions” in recent weeks.
But, despite apparent apathy in energy markets, the bank anticipated improving fundamentals would lead to higher prices over the coming months.
