Goldman Boosts Oil Price Forecast by $8 for Brent and $7 for WTI

Brent crude is seen averaging $85 per barrel this year, and West Texas Intermediate could see an average price of $79, Goldman Sachs commodity analysts said in a note released Sunday. They added that the supply loss from the crisis is going to peak at 17 million barrels daily. The price update is from an earlier outlook of $77 on average per barrel of Brent crude and $72 on average per barrel of WTI. At the time of writing, the international benchmark was trading at $112.69 per barrel, with the U.S. benchmark at $99.60 per barrel, both up from…