RE: Stabilisation13 Apr 2021 08:39
Morning Fellow Investors,
This was taken from news yesterday articles. Goldman Sachs are still very bullish for oil.
Goldman Sachs, for its part, continues to be bullish on oil and anticipates strong demand that would require OPEC+ putting another 2 million barrels per day (bpd) on the market in the third quarter, after the around 2 million bpd that the alliance and Saudi Arabia decided to return between May and July.
Even after the sell-off in oil in mid-March, Goldman Sachs said that the “big breather” was a buying opportunity for oil and continued to forecast Brent hitting $80 per barrel in the summer.