- Oil prices could tread as high as $100 a barrel in 2024, Goldman Sachs’ Jeff Currie said.
- The outgoing commodities chief pointed to demand outweighing the supply of crude.
- On Thursday, Brent crude was trading around $95 a barrel.
Oil prices are heading into the triple-digits next year, as a supercycle lifts the commodities sector, according to Goldman Sachs’ outgoing commodities chief Jeff Currie.
Brent crude, the international benchmark, will hit $100 a barrel in 2024, Goldman strategists said in a Tuesday note. That’s largely because of a supply-demand imbalance in the oil market, which is likely to worsen over the next year and push prices higher, Currie said.
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