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Goldman raises forecasts as Brent crude sets new record

Investment bank Goldman Sachs raised its target price on Brent crude yesterday as the North Sea blend gained about $1 and set a fresh record in London trading.

Investment bank Goldman Sachs raised its target price on Brent crude yesterday as the North Sea blend gained about $1 and set a fresh record in London trading.

Brent crude soared to a new peak of $103.61 before closing slightly easier at $102.38 on the ICE Futures exchange.