Too soon for the oil price to drop on recession concerns – Goldman Sachs

Too soon for the oil price to drop on recession concerns – Goldman Sachs – by anilpanchal7 Oil Banks Recession RiskAppetite Commodities

in four months, Goldman Sachs cites the unresolved global supply deficit and the previous rally of black gold in its latest report.It’s worth noting that Citibank expects the energy benchmark to drop to $65.00 on recession fears.

Elsewhere, comments from Secretary-General of the Organization of the Petroleum Exporting Countries , Mohammad Barkindo, also couldn’t please the black gold buyers.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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