MARKETS

Goldman Sachs remains bullish on oil prices despite recent downturn

Wall Street Bank Goldman Sachs continues its forecast of higher oil prices despite a recent downturn in prices for the fuel, stating on Thursday in a note that "the skew to prices from here is squarely skewed to the upside."

Tim Daiss

Goldman Sachs remains bullish on oil prices despite recent downturn

Goldman Sachs strategists Jeffrey Currie and Damien Courvalin stress-tested their former bullish pricing view and found that despite growing concerns over oil fundamentals, both for higher supply...

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