The physical oil market is walking a tightrope between the momentum spurred by the surprise Saudi Arabian cuts and the pressure of renewed lockdowns in many countries, which is keeping a lid on demand. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The big concern emerging is the worrying uptick in COVID-19 cases in some Chinese cities, as the Asian powerhouse drove the oil market’s turnaround in the latter half of 2020. The Platts Dated Brent benchmark has fallen almost $1.50/b after it climbed to an 11-month high of $56.12/b on Jan. 12. Recent events led Goldman Sachs to boost its Brent crude forecast to $65/b by mid-2021, up to six months earlier than previously forecast, while S&P Global […]