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 and the ugly,” and it looks at these three traits (good, bad and ugly) of the market and how they may influence...
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