WTI oil analysis from Goldman Sachs.

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According to Goldman Sachs analysts the oil price of $35 a barrel is right to make shares of U.S. explorers worth buying. Oil at $30 to $35 a barrel will keep the behavior of U.S. companies steady and help lift WTI to $55 to $60 a barrel next year.

“We view our second-quarter 2016 oil outlook as an idealistic Goldilocks scenario. We would use volatility to add to positions of shale productivity winners and the next rung down. Our view on a path to a 2017 oil price recovery is contingent on a decline in U.S. oil production needed to rebalance the global market” written in the report.

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