The all but halted flows via the Strait of Hormuz will deplete oil inventories in advanced economies, prompting a rise in oil prices, Goldman Sachs said on Wednesday as it hiked its second-quarter projections for Brent prices by $10 to $76 per barrel. The U.S. investment bank also raised significantly the forecast for WTI Crude for the second quarter, expecting the U.S. benchmark price to average $71 per barrel between April and June, up by $9 a barrel compared to the previous projection. Early on Wednesday in Asian trade, oil prices…
