Goldman Sachs sees risks to the upside

Oil touched the highest since 2014 today with WTI hitting $71.17. Brent also exploded higher, hitting $76.08.

On Brent, they see risks skewed to the upside because of the Iran deal withdrawal, rising tensions in other oil producers in the Middle East, Venezuela and elsewhere.

They see an upside risk of Brent hitting $82.50.