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Bearish Sentiment Surrounds Oil Market
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Bearish Sentiment Surrounds Oil Market
A recent survey by Goldman Sachs indicates that geopolitical factors are contributing to a bearish outlook on oil among institutional investors. The survey, which included over 1100 Goldman clients across various asset classes, revealed that more than 59 per cent are either bearish or slightly bearish on crude oil. This sentiment is close to the record lows observed in the monthly dataset that dates back to January 2016. The only time investors …
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