Bullish Goldman Sachs Expects Brent To Hit $49 By Year-End

Goldman Sachs is bullish on oil, expecting the market to be in a deficit of around 3 million barrels per day (bpd) by the fourth quarter and Brent Crude prices to recover to $49 a barrel by the end of this year, from $43 early on Friday.   According to a new report from Goldman analysts, carried by Reuters, the recent floating storage of oil is more "transient inventory allocation dynamics" instead of a signal of a new glut. "We estimate that the oil market remains in deficit with speculative positioning now at too low levels," Goldman Sachs…