1 billion barrels of excess oil: Goldman Sachs says oil is set to fall again because of a 'significant' inventory overhang as US producers turn pumps back on

1 billion barrels of excess oil: Goldman Sachs says oil is set to fall again because of a 'significant' inventory overhang as US producers turn pumps back on

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· Oil prices have surged in recent weeks, with Brent crude up 35% since May 1. 
· Goldman Sachs says that rally will end in the coming weeks and prices will fall. 
· The bank says there are still 1 billion barrels of excess oil and demand is lower than expected. 
· Meanwhile, some US producers are starting to reverse...

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