Last month, I wrote about the stabilizing inventory issue across all goods, the unclogging of supply chains and the general normalization to pre-pandemic times. This is a welcome change for consumers that points to the supply chain recovery being firmly in place, with COVID receding into the rearview mirror. But given the headlines and sound bites we are surrounded with…
Read MoreTag: Goldman Sachs
This Week’s Market Buzz
• Goldman Sachs ramped up its already optimistic forecast calling for Brent crude to hit $90 a barrel by the end of the year. That’s up from its previous call for $80. The Wall Street bank expects U.S. crude to hit $87 a barrel, up from $77 previously.
Read MoreThis Week’s Market Buzz
Goldman Sachs has reiterated its forecast that Brent crude will hit $80 per barrel this summer as demand quickly recovers. “Rising vaccination rates are leading to higher mobility in the United States and Europe, with global demand estimated up 1.5 million barrels per day (mb/d) in the last month to 96.5 mb/d,” the investment bank said in a note as…
Read More