Jeff Currie: Get Long Oil on ‘Enormous’ Upside Potential Oil prices are primed for gains as Thursday’s decision by OPEC+ to proceed with planned production increases won’t derail an ongoing structural bull market, according to analysts at Goldman Sachs Group Inc. The investment bank sees “very clear upside risks” to its forecast for Brent oil to average $85 a barrel in 2023. U.S. shale producers will be cautious in their spending plans for 2022 because of recent low prices. And while there’s slower growth in shale production, in the meantime, OPEC’s spare capacity will be reduced more quickly than if the group had decided to pause on output increases, Goldman said. That’s especially if there is no deal to allow more Iranian oil on the market next year. Recent price declines, amid concern that the omicron variant of coronavirus will damage demand, have been overdone and current prices offer […]