Meteorologists are predicting a cold winter, and it could send energy prices even higher. Record-high natural gas prices forced some utilities to switch to oil derivatives instead, boosting demand for crude. Though oil prices might break $100, they are unlikely to stay there for long. The spike in oil prices to the highest in years after OPEC+ said it will not add more barrels than the initially agreed 400,000 bpd monthly was expected. The forecasts by bank analysts that oil could go higher before the year is over were also expected. Now, some are expecting a further climb towards $100. The good news is that even if it happens, it won’t last. Goldman Sachs recently updated its oil price forecast for the final quarter, saying it now expected Brent crude to reach $90 per barrel by the end of December. Before that, the bank said oil demand could jump […]