Growing global uncertainty will drive prices higher and cause large deficits in the near-term, the investment bank has warned American investment banking giant Goldman Sachs has warned that the global oil market will see record-high demand, large deficits, and higher crude prices in the near term, due to low rig count in the US and uncertainty about long-run oil demand. Speaking to CNBC’s news show “Squawk Box Asia” on Monday, Goldman’s head of oil research Daan Struyven said that the bank expected “pretty sizable deficits” in the second half of this year as demand would reach “an all-time high.” The investment ba
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