Scanning some of the news and views from overnight, this an ICYMI on oil from GS head of commodities research David Currie

Says Brent crude will "overshoot" his $67.50/bbl price target in 2019


  • China imports were up 30% y/y for December
  • Supply is still coming off the market, both OPEC and non-OPEC oil producing countries cutting
  • Global demand remains benign
  • Recent economic data shows that what people think will happen is more negative than data releases would suggest