Goldman Calls for Patience to See Commodity Gains After Rout
- Bank says investors should go, stay long on oil and copper
- Goldman sees demand outstripping supply and boosting prices
Goldman's Currie Sees Oil Demand Set to Outpace Supply
This article is for subscribers only.
Goldman Sachs Group Inc. isn’t letting the biggest commodities rout in eight months shake its confidence in raw materials.
The bank is sticking to its view that tightening supplies will lead to higher prices later this year, maintaining its positive outlook on the sector, according to a report dated March 12. Investors should go or stay long on West Texas Intermediate oil and copper, analysts including Jeffrey Currie wrote. Barclays Plc said in its own note Monday that the bank remains “bullish” on crude through to 2020.