Despite expectations that OPEC and Russia will likely decide to boost production this week, Goldman Sachs continues to have a very bullish view on oil prices, with strong demand growth and further supply losses pointing to continued declines in inventories and higher oil prices for the rest of the year. “Our updated global supply-demand balance continues to point to further declines in inventories and higher oil prices in 2H18,” the investment bank said on Monday, as carried by Reuters . Goldman kept its forecast that Brent Crude will hit $82.50 a barrel this summer and will end 2018 at $75 per barrel. At 06:01 EDT a.m. on Monday, Brent Crude had risen 0.68 percent at $73.94. Further increases to the Brent benchmark came in the afternoon, reaching $74.79 by 1:12pm EDT. The bank has been bullish on oil for several months, and at the end of May it affirmed […]