Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder that the supply situation was tight, just as demand recovers from the depths of the COVID-19 pandemic.  Brent crude was up 55 cents, or 0.9%, at $63.46 a barrel by 0742 GMT, after gaining nearly 1% last week. U.S. oil rose 47 cents, or 0.8%, to $59.71 a barrel, having fallen 0.4% last week. Prices also received a boost after investment bank Goldman Sachs raised Brent its price forecast by $10, with expectations for it to reach $70 by the second quarter and $75 in the third quarter. “We now forecast that oil prices will rally sooner and […]