Goldman Sachs catching up with a lot of oil folks have been saying.
Says a release of oil from the US Strategic Petroleum Reserve (SPR)
- is now fully priced-in
- it would not help the slow global supply response that only higher oil prices can overcome.
And prices would be likely to move higher still:
- if such a release is confirmed and manages to keep oil prices depressed .. it would create clear upside risks to our .. forecast
