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Goldman Sachs says the oil rally isn't over yet

Business Insider - 31 May 2018 02:16
Goldman Sachs says the oil rally isn't over yet Reuters/Fahad Shadeed OPEC said it will boost production in the near-term. Oil prices are falling on the news. Goldman Sachs is still bullish on oil. OPEC's decision may be a drag on prices, but look at some tailwinds, Goldman says. Oil prices declined by more than 6 percent in the last few trading days, following reports that OPEC and Russia could boost production in the second half of 2018. However, the outlook is still bullish, at least according to Goldman Sachs. As of now, it appears that S...
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