Goldman Sachs Predicts Brent Crude To Trade Between $80-90 A Barrel

Goldman Sachs said it expects Brent crude to trade in an $80-$90 per barrel range until there is either confirmation of a new U.S.-Iran nuclear deal or a significant escalation of their conflict.
The bank estimates spot Brent’s fair value at about $80 a barrel, suggesting markets are pricing in only a modest risk premium despite ongoing uncertainty over Middle East oil supplies.
Brent traded near $85 a barrel on Tuesday as conflicting signals from the U.S. and Iran over the status of talks to end their five-month-old war sowed uncertainty.
Although Brent retreated to the low-to-mid $80s after the U.S. delayed planned strikes on Iran and reports suggested progress in talks over manag...