GOLDMAN DESK: “.. Our commodities strategists DO NOT expect substantial further upside to oil prices.” Hedge funds “continued selling US Energy stocks for the 3rd straight week, and the sector has now been net sold in 5 of the last 6 weeks. .. GS’s Prime book is now under-weight Energy vs. the S&P 500 Index by -2.0%, the lowest level in over five years. The sector’s long/short ratio is now at 1.22, a new 5-year low. https://x.com/carlquintanilla/status/1779618466384732658
