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Why Goldman Thinks You Should Go Long On Oil

Why Goldman Thinks You Should Go Long On Oil

Goldman Sachs has stood by…

Energy / Oil Prices

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IMF Predicts $55 Barrel Through 2018

Apr 19, 2017 at 10:40 | Zainab Calcuttawala

Markets should expect oil to hover around $55 in 2017-2018, according to the International Monetary Fund’s World Economic Outlook, released on Tuesday. Last year’s average barrel price was $42.84…

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Citi Sees $65 Oil By Christmas

Apr 18, 2017 at 14:40 | Nick Cunningham

Maybe the surge in U.S. shale production won’t kill off the oil price rally after all. Oil prices could rise as high as the mid-$60s per barrel by the end…

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Alaska Needs Much Higher Oil Prices To Reverse Its Oil Fortunes

Apr 18, 2017 at 14:34 | Tsvetana Paraskova

This year marks Alaska’s 40th anniversary of the Trans Alaska Pipeline Systems (TAPS)—an 800-mile-long crude oil route that runs from the North Slope to Valdez, the northernmost ice-free port in…

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Soaring U.S. Output Keeps Crude Subdued

Apr 18, 2017 at 13:04 | Matt Smith

Oil is on the defensive again, retracing from resistance in recent days amid bearish U.S.-centric data of rampant production increases. Despite the Good Friday holiday, we get the…

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Oil Prices Drop As Saudis Say Too Early To Decide Cuts Extension

Apr 18, 2017 at 11:46 | Tsvetana Paraskova

Oil prices dropped on Tuesday morning as the market continues to buy Saudi Arabia’s rhetoric that adds to outlooks for weaker global demand growth and rising U.S. production to drive…

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Wall Street Is Pouring Money Back Into Shale

Apr 17, 2017 at 15:37 | Nick Cunningham

With oil prices seemingly on firm footing, Wall Street is pouring money back into the shale sector, expecting profits even at $50 per barrel. The private equity industry raised an…

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How Far Will OPEC Go For $60 Oil?

Apr 17, 2017 at 14:48 | Irina Slav

Back in February sources from OPEC told media that Saudi Arabia is aiming for oil prices of $60 as the optimal price to encourage fresh investments in production while deterring…

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Why Oil Markets Are Not Recovering Much Faster

Apr 14, 2017 at 12:40 | Dan Dicker

For several months, I’ve been trying to reconcile two divergent and counter-intuitive trends in oil, and it’s forced me towards a soberer outlook going forward. It’s not that I don’t…

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Could An OPEC Extension Normalize Inventories?

Apr 14, 2017 at 12:30 | Oil & Gas 360

Inventories 350 MMBO above historical average An extension of the OPEC production cuts should normalize global inventories this year, according to research by KLR Group. Announced on September 28, 2016,…

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Goldman’s $50 Forecast May Prove Bullish

Apr 13, 2017 at 17:15 | Irina Slav

Goldman Sachs is standing by its own base oil price scenario of $50 a barrel, anticipating a stable future for the commodity, with price fluctuations in the range of…

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