Crude oil prices charged towards $70 a barrel on Thursday, recouping the previous session’s losses and leading a broad commodities rally.

Nymex July West Texas Intermediate rose to $69.50 a barrel before settling at $68.81, up $2.69 on the day. ICE July Brent added $2.83 to close at $68.71 a barrel and traders cited upbeat forecasts from Goldman Sachs as a factor supporting prices.