Goldman Sachs says an oil reserve release is fully priced in

Goldman Sachs catching up with a lot of oil folks have been saying. 

Says a release of oil from the US Strategic Petroleum Reserve (SPR)

  • is now fully priced-in
  • it would not help the slow global supply response that only higher oil prices can overcome. 

And prices would be likely to move higher still:

  • if such a release is confirmed and manages to keep oil prices depressed .. it would create clear upside risks to our .. forecast
Goldman Sachs catching up with a lot of oil folks have been saying. 

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