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Goldman ups oil price forecast as global supply flips to deficit

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Canadian Prime Minister Justin Trudeau and and Fort McMurray fire chief Darby Allen visiting areas destroyed by wildfires that have caused unexpected oil outages

London

THE global oil market has flipped to a deficit sooner than Goldman Sachs Group Inc had expected.

A decline in production driven by unexpected supply disruptions as well as sustained demand have led to a "sudden halt" to the market surplus, Goldman analysts including Damien