True to ‘when it rains, it pours,’ Goldman turns bearish on oil Sustained low price will reverberate through oil earnings, jobs, capex Technicals have probably already spoken; WTI unable to save 16-year support Remember Arjun Murti? He was a Goldman … Continued
Expectations of higher US interest rates and stronger economy acting as tailwind behind resurgent $ Sentiment too bullish, reflected in non-commercials’ near-record net longs in US $ futures Safe bet probably is to wait to take the other side of … Continued
Crude oil is on the move. Since early April to last week’s high, the Brent has gone up by over 11 percent. The West Texas Intermediate found a trough much earlier – early this year – and until the high … Continued