Goldman Says Oil Needs to Rally Further to Solve Market Deficit

Bloomberg

Oil prices are likely to extend gains as global crude stockpiles need to be rebuilt in the face of rebounding Chinese demand and reduced production from Russia, according to Goldman Sachs Group Inc.

#reducedproduction #crudestockpiles #chinesedemand

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I want to highlight two critical oil charts. The first is from Goldman Sachs and it illustrates broad levels of oil spending globally.

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