If ceasefire deal is sustainable, oil output could recover ‘Cautiously’ assumes disruptions at 350,000 b/d in second half Goldman Sachs Group Inc. said oil may trade below its $50 forecast in the second half of 2016 because of a ceasefire between militants and the government in OPEC member Nigeria. If the tentative agreement is sustainable, it could lead to higher crude output, with the Nigerian government “optimistically” predicting a return to normal levels by the end of July, analysts including Damien Courvalin wrote in a note dated June 29. The return of supplies poses a risk to the bank’s price outlook as it would bring the global oil market close to balance over the final six months of the year, according to Goldman. Violence in Nigeria has contributed to an 80 percent rally in Brent crude from a 12-year low earlier this year, as output in the West African […]