Forex
globalreutersMarch 19, 20241 Mins read
Goldman Sachs like oil prices higher on both supply and demand factors
globalreutersMarch 19, 20241 Mins read Goldman Sachs see even higher to come for crude this year on strong demand and a moderation in non-OPEC supply growth:
Analysts at GS point specifically to:
- Chinese demand growing (ps. this was evident in the recent data, Apparent Oil Demand +6.1% y/y)
- tightening supply of oil from the US
- summer inventory draws
This article was written by Eamonn Sheridan at www.forexlive.com.
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