Photographer: Simon Dawson/Bloomberg

Goldman’s Currie Sees Oil Staying Below $50 as Surplus Lingers

  • Worldwide market ‘really looks similar’ to early 1990s
  • Capex cuts by oil companies won’t affect capacity till 2020

Don’t count on a big rally in crude oil, said Jeff Currie, head of commodities research at Goldman Sachs Group Inc. Or any rally, for that matter.

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