hope they are right regarding a swift violent recovery.
Unfortunately, given that its a Goldman forecast you would have to give it little credibility lol.
As I've said before, I expect oil to reach its appropriate level of anywhere between 50 and 70 this year.
The current price is an overshoot to the downside just like it overshot to the upside.
The current drop in productivity the main reason, but we should see productivity recover somewhat as government economic stimulus packages start to kick in.
Cdchi1
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