Goldman Sachs doubled down on its forecast for oil prices hitting $140 per gallon over the summer after crude suffered two consecutive weekly losses for the first time since April.
According to Markets Insider , The bank’s chief commodities strategist, Jeff Currie, told CNBC the recent price pullbacks are a buying opportunity and that under-investment in the space continues to drive the view for oil climbing higher. “The situation across the energy space is incredibly bullish right now,” he said.
Currie’s comments back up a note published by Goldman on June 7 that predicted Brent crude prices will hit $140 per […]
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