Goldman’s Currie Expects ‘Very Violent’ Rebalancing Process in Oil

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Goldman Sachs’ head of commodities, Jeff Currie, expects there to be a “very violent” reballancing process in oil, after prices went briefly negative during the global downturn in demand for the novel coronavirus outbreak.

Apr.27 — Jeff Currie, global head of commodities at Goldman Sachs, expects “big spikes” to the downside in oil prices. He speaks with Bloomberg’s Alix Steel on “Blooomberg Daybreak: Americas.”

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The Goldman Sachs Group, Inc. (NYSE: GS), is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting.

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