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Goldman Sees Risk of Oil Below $20

stander
stander
in Oil, Gas and Energy News

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Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs Group Inc. predicted.

With capacity to store oil exhausted in some places, prices may need to drop low enough to halt crude output that can no longer be stockpiled, said Jeff Currie, Goldmans head of commodities research

http://www.bloomberg.com/news/articles/2016-02-09/goldman-sees-more-oil-swings-that-could-drag-price-below-20

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