OPEC+ likely to extend production cuts in June, Goldman Sachs says [Seeking Alpha]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Seeking Alpha
The 1.4M-barrel decline in U.S. crude inventories in the week ended May 3 " supported the market after a month of price corrections as the market reacted to geopolitical developments," Tickmill managing principal Joseph Dahrieh said, as reported by Marketwatch Oil prices also were supported by global demand optimism after China's customs data showed the country's oil imports rose by a solid 5.5% in April from a year earlier. However, concerns remain about U.S. gasoline demand as the summer driving season approaches, with data showing domestic gasoline stocks growing by 915K barrels. "A normal or average gasoline supply level may not appear bearish at first glance but the fact that demand continues to deteriorate suggests a more than ample supply heading into the heavy driving season," Ritterbusch says, according to Dow Jones. Front-month Nymex crude ( CL1:COM ) for June delivery ended to $79.26/bbl, and front-month July Brent crude ( CO1:COM ) also closed to $83.88/bbl, the h
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GS
Earnings
- 4/15/24 - Beat
GS
Sec Filings
- 5/20/24 - Form 4
- 5/20/24 - Form 424B2
- 5/20/24 - Form 424B2
- GS's page on the SEC website