Goldman Sachs world head of commodities sticking with $115 value goal for 2023 (video)

That is through Bloomberg, an interview with Jeffrey Currie, world head of commodities analysis at Goldman Sachs.

A few factors made, extra on the vid:

  • between now and subsequent spring … path is extremely unsure
  • you might have China covid circumstances surging so that you’re getting pressured lockdowns that weren’t deliberate which is impacting demand as much as about 1.2 million barrels per day … coincidentally the identical measurement because the OPEC lower so you realize I feel that is essential improvement there first time ever OPEC ever lower in anticipation of a requirement loss
  • after which you might have the G7 value cap which simply they maintain rolling the dial and it will get milder and milder day-after-day

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