Shell said last week that its exports of Nigerian crude oil were disrupted, adding to… Oil prices climbed Monday as Goldman Sachs GS 0.23 % said that the market is now in shortfall, boosting a sector that has suffered from a severe glut for almost two years. The global crude benchmark Brent was up 1.6% at $48.59 for July cargoes while West Texas Intermediate was up 1.5% to $46.91 for June deliveries. Goldman Sachs said that the recent outages from large producers such as Canada and Nigeria had sent the oil market from nearing full storage levels to being in deficit. Goldman Sachs has been among the most bearish of banks on the price of oil. It still predicts tough times ahead for the sector, saying that low-cost oil producers could push the market back into surplus by early 2017. The bank remains relatively negative on price, forecasting $45 […]