You are here

Crude at US$35 is just right for US explorers, says Goldman

While oil prices at that level are above cash costs of production, they will deter a rebound in shale output from occurring too early
Friday, April 8, 2016 - 05:50

crudeoil080416.jpg
Oil at US$35 a barrel is neither too high nor too low but just right to make shares of US explorers worth buying, according to Goldman Sachs Group Inc.

Singapore

OIL at US$35 a barrel is neither too high nor too low but just right to make shares of US explorers worth buying, according to Goldman Sachs Group Inc.

While prices of crude at that level are above cash costs of production, they will deter a rebound in shale output from

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom