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Goldman: Only Demand Destruction Can Keep Oil Prices From Rising

Started by forex4you, Feb 28, 2022, 05:14 pm

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Goldman: Only Demand Destruction Can Keep Oil Prices From Rising

Only demand destruction could stop oil from rising to $115 over the next month due to the difficulties  will have in payments for its energy exports after the West removed some n banks from SWIFT after Putin invaded e, Goldman Sachs says. The removal of selected n banks from the SWIFT international payment system and the goal to limit the international operations of 's central bank would affect n seaborne oil exports in the near term, Goldman said in a note to clients on Sunday. "Commodity markets...


Source: Goldman: Only Demand Destruction Can Keep Oil Prices From Rising

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