Goldman And Bernstein Clash On Impact Of Rate Hike On Oil – ValueWalk Premium

Goldman And Bernstein Clash On Impact Of Rate Hike On Oil

Bernstein:

While Goldman Sachs thinks commodities such as oil might benefit from rate hikes, Bernstein analysts Neil Beveridge, Wei Hou and the Asia-Pacific Oil & Gas team take a slightly more nuanced view. Looking back at previous tightening events, Bernstein finds “little correlation” between such events and oil demand. As for China demand – which has been an economic engine driving world GDP growth and oil demand – there isn’t much to worry about, the report predicts.

What causes oil price movements to fluctuate, supply or demand?
In determining . . .

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