Goldman tells oil bulls to be patient, expects 3-stage oil rally after 'violent rebalancing'

Goldman tells oil bulls to be patient, expects 3-stage oil rally after 'violent rebalancing'

Business Insider

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· *Oil prices are due for a three-stage rally following a "violent rebalancing," Goldman Sachs analysts outlined in a note published Friday morning. *
· *The bank said it believes the recent rally in oil "can extend further in May, back to cash-cost levels, albeit with still high price volatility."*
· *Goldman said oil...

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