Goldman — among first to flag the prospect of oil dropping to $20 a barrel back in September — said in a note Friday it’s maintaining its $40-a-barrel price call on WTI for the first half of the year. “Barring a supply or demand/weather shock that shifts the balance by more than 340,000 [barrels a day] we don’t see the oil market hitting storage capacity constraints,” wrote Goldman analysts Jeffrey Currie, Damien Courvalin and Michael Hinds .... http://www.marketwatch.com
Friday, January 15, 2016
Goldman still sees oil climbing back to $40 a barrel by midyear
Oil prices have sunk below $30, but analysts at Goldman Sachs are hanging tight to their view that oil will recover to the $40 level in the first half of this year.
Goldman — among first to flag the prospect of oil dropping to $20 a barrel back in September — said in a note Friday it’s maintaining its $40-a-barrel price call on WTI for the first half of the year. “Barring a supply or demand/weather shock that shifts the balance by more than 340,000 [barrels a day] we don’t see the oil market hitting storage capacity constraints,” wrote Goldman analysts Jeffrey Currie, Damien Courvalin and Michael Hinds .... http://www.marketwatch.com
Goldman — among first to flag the prospect of oil dropping to $20 a barrel back in September — said in a note Friday it’s maintaining its $40-a-barrel price call on WTI for the first half of the year. “Barring a supply or demand/weather shock that shifts the balance by more than 340,000 [barrels a day] we don’t see the oil market hitting storage capacity constraints,” wrote Goldman analysts Jeffrey Currie, Damien Courvalin and Michael Hinds .... http://www.marketwatch.com
