“Global demand is 100.5 million b/d and supply is running around 99.5 million b/d. So you got 1 million b/d gap…which means something’s gotta give,” said Goldman Sachs’ head of commodities Jeffrey Currie at the S&P Global Platts Crude Oil Summit at the start of this month. “A lot of people are concerned about higher oil prices and their impact on demand. The evidence really isn’t there,” he added, making a strong case for oil bulls if he were the only analyst with knowledge of the oil…
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