Goldman Says Commodity Rally a False Start That’s Set to Fizzle

The current oil market is still oversupplied and prices have to remain lower for supplies to meaningfully shrink and re-balancing to take place, Goldman said. “Only a real physical deficit can create a sustainable rally which is still months away should the behavioral shifts created by the low prices in January and February remain in place,” the bank said.

Source: Goldman Says Commodity Rally a False Start That’s Set to Fizzle

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