Goldman Sachs raises forecast for oil prices

Author: Eamonn Sheridan | Category: News

A couple of items from GS on oil, forecasting 

  • Brent at 62.50 in 3 months 
  • at 67.50 in 6 months
Goldman is overall bullish on commodities
  • Oil, metals are value plays
  • end of 2018 sell offs attributable to unwinding of exuberant sentiment not so much deteriorating fundamentals
  • USD falling
  • US wages rising
  • commodity positioning is light
  • China policy support coming, scope for releveraging
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