Oil prices risingFrom OilPrice.com:
Crude oil prices are on their way up, despite the market panic caused by the collapse of two U.S. banks, the global head of commodities for Goldman Sachs said on Friday in a Bloomberg Television interview. “We would argue you are buying the dip at this point,” Jeff Currie said, adding, “I have never seen a market sell off that sharply, but retain a bullish structure.”
Goldman is still a believer that we will see a “solid recovery” from China toward the latter part of the year, as economic activity snaps back from its strict covid lockdowns.