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Goldman Stays Oil Bull, Undaunted by Saudi-Russia Crude Plan...

  1. m0ngy
    6,083 Posts.
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    28/05/18
    23:53
    Post #: 33343909
    Goldman Stays Oil Bull, Undaunted by Saudi-Russia Crude Plan

    Goldman still sees “risks to prices in the second half of 2018-2019 as skewed to further upside.” The bank added that “historically, prices have declined after the announcement of OPEC production increases, however, when these occurred in a strong demand environment like today, prices were on average 8 percent higher than pre-announcement two months later.”

    https://au.investing.com/news/commo...l-undaunted-by-saudirussia-crude-plan-1145849
    SXY Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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