1 billion barrels of excess oil: Goldman Sachs says oil is set to fall again because of a 'significant' inventory overhang as US producers turn pumps back on
Published
· Oil prices have surged in recent weeks, with Brent crude up 35% since May 1.
· Goldman Sachs says that rally will end in the coming weeks and prices will fall.
· The bank says there are still 1 billion barrels of excess oil and demand is lower than expected.
· Meanwhile, some US producers are starting to reverse...