29.07.2016 - Goldman Sachs says oil market fundamentals 'fragile,' oil prices to stay flat until mid-2017
Crude oil prices will remain in the $45-$50-a-barrel range till mid-2017, with little to change the global supply and demand situation, Goldman Sachs said. The investment bank's analysts ran through the many scenarios that would keep the oil market in stasis. "The improvement in oil fundamentals remains fragile and continues to feature large offsetting forces: wildfires have helped offset surprisingly strong Iran production, slowing demand growth in India and China in 2H16 will help offset production issues in Nigeria and Venezuela and finally product builds have offset crude draws," they said...............................................Full Article: Source
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