Goldman Sachs: Oil Market To Rebalance By Early 2018

Recent data show that the rebalancing of the oil market is speeding up and if the drawdown trends are sustained, stockpiles will normalize by early 2018, Goldman Sachs said on Thursday, adding that it was “cautiously optimistic” on oil prices.

“While OPEC’s production path remains uncertain, recent fundamental oil data have come in even better than we had expected,” Goldman said in a note, as quoted by CNBC.

https://finance.yahoo.com/news/goldman-sachs-oil-market-rebalance-150000819.html