Oil Market 'Green Shoots Are Appearing' Goldman

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Rupert Hargreaves
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The ‘green shoots’ of rebalancing are starting to show through in the oil market according to a Goldman Sachs research report on The New Oil Order published at the end of last week. Based on today’s trading action, however, it doesn’t look as if the market wholly believes that Goldman’s ‘green shoots’ actually exist. Nonetheless, the bank’s analysts make some interesting points in the report, a copy of which has been reviewed by ValueWalk. Oil Prices Fall As Short Covering Seems To Have Run Its Course Oil market: Goldman’s ‘green shoots’ Goldman’s oil report is titled “the good, the bad…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk