A recommendation from Goldman Sachs on oil
Goldman Sachs derivatives strategists John Marshall and Katherine Fogertey advised in a client note they see higher prices coming soon:
- Say fundamentals of supply and demand will ultimately drive the price of oil
- But they see potential for shifts in positioning to be a tailwind for the energy equity sector in the near-term
- Say they are looking for a quick move up, not a sustained turnaround at this stage
