After the International Energy Agency and OPEC raised oil demand forecasts with the recovery of major economies from the pandemic, oil prices stabilized Thursday to boost near the highest level after leaving towards 5%, in the previous session


According to Arab Net, Brent rose four cents to $ 66.62 a barrel in Thursday, after 4.6% won Wednesday and closed at the highest level since March 17.


Texas West Texas US mediator futures have come down to $ 63.12 a barrel, after 4.9%, at the previous session.


Goldman Sachs analysts said in a new report that compliance at the supply level and the recovery of economies should give oil an opportunity to overcome its recorded scopes recently.


Goldman analysts said they were optimistic about the expectation of Brent or $ 80 a barrel in the third quarter of 2021 thanks to the recovery of demand in the near term and compliance with supplies.


The US Investment Bank gave its predestination at one year's global oil transport sector to 2026, due to an increase in electric cars and economies seeking to get rid of carbon.


The demand and global oil offer is expected to regain their balance in the second half of this year after the demand is dissipated in 2020 with a covide pandemic.


The producers may then need to pump two million barrels per day to meet demand.


The Organization of Petroleum Exporting Countries (OPEC) supply is beside other producers, including Russia, and the organization has raised its forecast for global oil demand for the current year.


She expects demand for 70,000 barrels per day expected to sign last month and more likely demand for 5.95 million barrels per day in 2021,