Goldman Sachs has reiterated its forecast that Brent crude will hit $80 per barrel this summer as demand quickly recovers. "Rising vaccination rates are leading to higher mobility in the U.S. and Europe, with global demand estimated up 1.5 mb/d (million barrels per day) in the last month to 96.5 mb/d," the investment bank said in a note as quoted by Reuters. Goldman first said it expected Brent to hit $80 this year in March, expecting this to happen by the third quarter of this year. Then, in April, the bank reiterated its forecast, noting, "The magnitude of the coming change in the volume of demand -- a change which ... (full story)