Goldman Sachs calls bottom of market for oil
Goldman Sachs has reversed its bearish call on commodities, urging investors to buy as it expects oil will surge to $130 a barrel in the next 12 months.
The US investment banking giant is advising clients to purchase oil after the commodity saw its sharpest one-day fall on record on 5 May, dropping $12 a barrel in a day, the Financial Times reports...
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