Goldman Sachs calls end to cheap oil - May. 16, 2016

So that's it for cheap oil.



At least that's what Goldman Sachs says. The investment bank told its clients the oil market has flipped into deficit this month, after two years of persistent oversupply. It said it now expects oil prices to reach $50 per barrel in the second half of the year.



Goldman Sachs calls end to cheap oil - May. 16, 2016