Goldman Sachs lays out a 1-year timeline for oil prices to recover after a 'violent rebalancing' — and names 6 oil stocks poised to benefit as the market stabilizes
Published
· After a "violent rebalancing," oil markets are poised for recovery as demand shows early signs of growth, according to Goldman Sachs.
· In a note dated Friday, the bank said the recovery will take place in three stages, leading to a return of pre-pandemic prices of Brent crude by the end of next year.
· Goldman says...