Goldman Sachs see even higher to come for crude this year on strong demand and a moderation in non-OPEC supply growth:
Analysts at GS point specifically to:
- Chinese demand growing (ps. this was evident in the recent data, Apparent Oil Demand +6.1% y/y)
- tightening supply of oil from the US
- summer inventory draws
![oil barrel](https://images.forexlive.com/images/oil%20barrel_id_3f3e5782-2090-4d34-9579-cdb850c5c16f_original.jpg)