Oil market may have been “scarred” by the banking crisis
Goldman’s Currie interview part 1: Banking crisis to slow, not derail, oil’s upward trajectory
Head of commodity research sees prices heading back above $90/bl by the end of the year despite scarring effects of crisis slowing oil’s rise
The oil market may have been “scarred” by the current banking crisis, but the fundamentals all point to an upward move not far short of triple digits by the end of the year, says Goldman Sachs’ head of commodity research, Jeff Currie, in a wide-ranging interview with Petroleum Economist in which he highlights that the supply side may have been damaged more than the demand side by the financial contagion. The recent banking crisis has seen analysts revise down their expectations around oil prices. Where do you see Brent this year and next? And where do you see the risks to this forecast? Jeff Currie, head of commodity research at Goldman
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