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Home / Metal News / Goldman Sachs Is Bullish towards Oil Price, Citing Imminent Deficit

Goldman Sachs Is Bullish towards Oil Price, Citing Imminent Deficit

Mar 21, 2023 16:49

Source:SMM

The head of commodities at Goldman Sachs said that the banking crisis is more of a supply-side shock than a demand-side shock for commodities.

The head of commodities at Goldman Sachs said that the banking crisis is more of a supply-side shock than a demand-side shock for commodities; he also said that Europe is relatively safe, mainly because of the problems of banks in the United States. Goldman Sachs expects the oil market to enter a deficit in June. Oil prices may have room to rise by $5-10/barrel.

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