Goldman Sachs says global oil market is set to `rally significantly'
Goldman Sachs on oil, 'growing scarcity'.
- If oil hits $80/bbl, "it would be hard to ignore inflation in the most important physical commodity markets."
- "We see the oil as the catalyst this autumn to attract investors back."
- There is now "growing scarcity across physical markets," with demand at such high levels, the system is becoming increasingly constrained in its ability supply goods.
- Given the run-down in inventories, demand destruction is already happening today to balance the market.
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