Oil’s fundamentals are changing: Goldman

Posted by Michele Della Vigna - Goldman Sachs

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“Ratings agency Moody’s has cut its price outlook for the both Brent crude and WTI, believing the rise in prices will take place at a much slower pace than originally forecast as oversupply and demand issues show no signs of waning.”

“Moody’s expects both prices (Brent & WTI) to rise by $7 per barrel in 2017, which is down $5 per barrel from its prior forecast.”

…..watch video or read summary HERE

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