Goldman Analyst Still Sees Demand-Driven Oil Super Spike

Goldman Sachs (GS) analyst Arjun Murti reiterated this week that the world is in the initial stages of a multiyear oil price “super-spike.”

The analyst, who moved energy markets in March with his prediction oil prices could reach $105 a barrel, said prices will have to keep climbing and stay high long enough to kill off enough demand to restore the now-shrinking cushion of spare production capacity. Nobody knows how high prices will have to go for that to happen, he said.
Schlumberger