Making Sense of Oil Volatility

Published on27 JAN 2016

Jeff Currie, global head of Commodities Research, says we’ve entered the “inflection phase” of the commodities cycle, in which low prices will trigger a supply correction toward a new equilibrium. 

Our outlook going forward…is that prices will likely remain trendless, with significant volatility between operational stress at $20 a barrel and financial stress at $40 a barrel.

- Jeff Currie

Jeff Currie
Global Head, Commodities Research, Goldman Sachs Research