Buy oil (because Goldman says sell)
Goldman Sachs has called an end to the oil price super-cycle, saying Brent could be anchored at $90/barrel (spot’s at $112).
Surely it has nothing to do with this:
Goldman this month saw significantly lower revenues from commodities drag down its trading businesses in the third quarter.
Roller coaster in WTI prices today, down to $91.25 and then spiking back to $$93 on a pipeline shutdown.