(AOF) – Crude oil prices will have to rise even more to balance supply and demand on the world market, according to Goldman Sachs. According to the investment bank, black gold prices will need to average $135 in the 12-month period starting in early July for stocks to normalize by the end of next year, due to the recovery of Chinese demand and the fall in Russian production. Goldman Sachs was counting until then on an average price of 125 dollars.
According to the broker, the slowdown in global growth remains insufficient to rebalance stocks at current prices.
