Goldman Sachs Sees Oil Prices Unable to Exceed $100/barrel This Year

Analysts at Goldman Sachs currently expect oil prices to trade around $94 a barrel over the next 12 months. While that would imply a possible 39% upside from current levels, the new forecast is lower than Goldman Sachs' previous forecast of $100 a barrel. This also means that international oil prices may not be able to cross the $100/barrel mark this year.