Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on Wednesday, according to Bloomberg. This is $10 per barrel more than Goldman’s current forecast. The call for higher oil prices would come on top of the already too-high natural gas prices, which have sunk some natural gas power providers in Europe. The natural gas situation in Europe will have a spillover effect on the oil market, with natural gas in short supply and crude oil one of the only viable alternatives as wind and solar power prove insufficient at this time. On Tuesday, commodity trader Vitol said that weather was the key to stopping the panic that currently exists in the market—with warmer winter weather the only hope for falling prices. Unfortunately for power consumers and utilities that are already under […]