The oil market has been heating up in recent weeks, and even Goldman Sachs revised its forecasts higher for oil prices this year. That was mostly due to supply-side changes, such as the wildfire in Canada and Nigeria’s oil disruptions. Even though these issues are likely to have already impacted oil inventories, the oil market still faces several hurdles that could keep oil prices from rising much higher than their current levels of around $50.
related: Saudi Arabia’s Oil-Bust Cash-Flow Debacle Begins to Bite
