Goldman Sachs sees Brent crude oil prices to USD100/bbl by June as stocks 'descend gently'

<p>Goldman Sachs on oil:</p><ul><li>Brent is unlikely to sustainably overshoot USD 105/bbl in 2024, upper end of the USD 80-105/bbl OPEC sweet spot range</li><li>
Market may become very tight in a more distant future, although productivity and oil demand will also be critical</li><li>
Oil market which is now slightly tighter than usual is tightening further at moderate pace, but has significant spare capacity to handle near-term tightening shocks</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.