In this article, we will examine the current state of WTI price, the current bullish consensus, and leveraged capital positioning within this context.
April 2018: Goldman Makes Case For $80 Brent Crude By End Of 2018
This Business Insider article from 21 April 2018 discusses Saudi targeting of $80 oil and Goldman’s current view of $80 oil by Q4 2018 based on strong global oil demand (largely China dependent Goldman concludes) that will contribute to further declines in oil inventories. As readers may already know, when the market is at/near price extremes and Goldman issues