I'm just doing a bit of a catch-up
This from CNBC a good few hours ago now, so its not fresh, K?
- Oil prices could fall below $40 if the market doesn't get a clear catalyst to buy, Goldman Sachs said.
- That catalyst could be further intervention by OPEC or a steady drop in U.S. crude stockpiles and the nation's rig count, the bank said.
- Global stockpiles are declining, but rising production in Libya and Nigeria is a concern, according to Goldman.
That's it in a headline (or 3), but the full piece is here
I posted yesterday on GS oil views .... my summary was a little more helpful than this :-D
