CNBC: Goldman’s thought on oil Interesting they just raised MEG's target price last week.
Goldman says a Biden win could be a 'positive catalyst' for oil prices
"Headwinds to U.S. oil and gas production would rise further under a Joe Biden administration, even if the candidate has struck a centrist tone," the note said.
Goldman sees improved demand in 2021 and tighter supply for both gas and shale oil superseding election results, though a Biden administration could provide a further boost to oil prices by making production — especially for shale — more expensive and more regulated.