Goldman Sachs sees oil rallying into the summer. Here are the firm’s top stock picks to play it
- Date: 11-Jun-2021
- Source: CNBC
- Sector:Oil & Gas
- Country:Middle East
Goldman Sachs sees oil rallying into the summer. Here are the firm’s top stock picks to play it
Oil prices are up more than 40% for 2021 amid a recovery in demand for petroleum products, and Goldman Sachs sees more upside for crude and energy stocks. hovered on Friday around its highest level since October 2018, trading at $70.61 per barrel. stood at $72.83, a level also not seen in more than two years. Goldman sees Brent climbing to $80 this summer because of "a further large vaccine-driven increase in demand, including jet, in the face of mostly inelastic supply."