Goldman Sachs said a strong rebound in global oil demand could push Brent crude oil prices above its year-end forecast of $90 per barrel. The U.S. investment bank said it expected oil demand will shortly reach pre-COVID-19 levels of around 100 million barrels per day (bpd) as consumption in Asia rebounds after the Delta COVID-19 wave. In addition, the bank estimated gas-to-oil switching may contribute at least 1 million bpd to oil demand. “While not our base-case, such persistence would pose upside risk to our $90/bbl year-end Brent price forecast,” Goldman said in a research note dated Oct. 24. Tight global supply and strong demand have pushed oil prices to multi-year highs, with U.S. West Texas Intermediate crude futures trading at $84.38 a barrel and Brent crude futures at $86.26 by 0731 GMT on Monday. “We would need prices to rise to $110 /bbl to stifle demand enough to balance …