Goldman Sachs: 'Cautiously optimistic' on oil prices as supply-demand rebalancing

The rebalancing in the oil market is accelerating, said Goldman Sachs in a note on Thursday. "While OPEC's production path remains uncertain, recent fundamental oil data have come in even better than we had expected," Goldman said. "If sustained, these trends would help achieve the normalization ...

Goldman Sachs: 'Cautiously optimistic' on oil prices as supply-demand rebalancing