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Oil Prices Jump As Goldman Sachs Says Market Flips Into Deficit

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 16, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit following global oil disruptions. Brent crude futures were trading at $48.47 per barrel at 0703 GMT, up 64 cents, or 1.3 percent,[​IMG]

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