Crude prices suffered another sharp fall on Monday as the pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating. “If pipelines get clogged up as refineries shut down, inventories cannot build, reducing the cushion and creating a very quick risk reversal towards oil shortages,” Goldman said in a note. This would in turn cause an oil shortage, pushing prices above the Wall Street bank’s $55 a barrel target for 2021, it said. …read more
Source:: Yahoo Finance
