Oil Jumps On Expectations Of Slowing Inventory Builds

May 5, 2020: Oil Jumps On Expectations Of Slowing Inventory Builds

Hot on the heels of Goldman's bullish reversal on the oil sector, in which the bank's commodity strategist Damien Courvalin said on Friday that "it now appears likely that the market is passing its test on storage capacity" and projected that the recent rally can extend further in May, back to cash-cost levels ($25/bbl for WTI), albeit with still-high price volatility...Read more