Post Tagged with: "oil price correction"

Source: Forbes

Barclays sees near-tem oil price correction if demand recovery slows


Barclays Commodities Research said on Thursday oil prices could see a correction in the near-term if a recovery in fuel demand slows further, especially in the United States.

While a recent rally has been supported by faster-than-expected rebalancing of …

Source: CNBC

Goldman Sachs says an oil price correction as deep as 20% ‘may already be underway’


Goldman Sachs sees a correction in oil prices on the horizon even amid a significant recovery in the last month and the recent decision by OPEC and its allies to extend historically large production cuts through July.

“With oil …