Goldman Sachs predicts oil prices to reach $80 per barrel in the fourth quarter

The Goldman Sachs commodities team predicts that oil prices will reach $80 per barrel in the fourth quarter this year, as facilities in the Gulf region and Russia suffer damages, and refinery margins remain elevated. The Federal Reserve has given a hawkish signal, and Goldman Sachs expects this to support the US dollar returning to near its March highs. Most parts of Asia still have controllable inflation, and technology spending continues to be a core driving factor for several economies and markets in the region.