Big Banks Predict $20 Oil — And Causation Is NuancedMark Melin
Adam Longson, Morgan Stanley’s head of energy commodity research, notes that one factor could send oil prices “into the $20s.” Longson is not alone, as Morgan Stanley, Goldman Sachs, Citigroup and Bank of America Merrill Lynch have all made calls for $20 oil. What does it mean when the big banks – arguably the most dominate force in financial services – fall in line and make a similar call . . .
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