Oil Advances as Goldman Forecasts a Deficit The global oil market has flipped to a deficit sooner than Goldman Sachs Group Inc. had expected. A decline in production driven by unexpected supply disruptions as well as sustained demand have led to a “sudden halt” to the market surplus, Goldman analysts including Damien Courvalin and Jeffrey Currie wrote in a report dated May 15. That’s prompted the bank to raise its U.S. crude price forecast to $50 a barrel for the second half of 2016 from a $45 estimate in March. The unexpected […]