Oil prices are unlikely to reach $100 per barrel, according to Goldman Sachs. They have been growing for the last three weeks, and it is likely to continue positive dynamics in the second half of the year, as market participants fear a shortage of supply, the bank notes, but quotes, in its opinion, will not exceed $86. To reach the $100 mark it will be necessary to reduce oil volumes by 2 mln b/d, analysts believe.

Oil volumes in the global market will shrink as players refrain from investing in hydrocarbons, Goldman forecasts. If there is no investment in existing or new projects, this reduction will amount to about 5% per year. However, demand has an unclear outlook - this is due to the current global trend to reduce emissions from fossil fuels. Against this backdrop, investors are wary of investing in the sector, especially long-term.

On Thursday morning, Brent crude oil was trading at $79.48 (+0.03%), WTI - at $75.34 (+0.07%).