Oil traders are well-positioned to generate returns despite the likelihood of prices falling away from multiyear highs over the coming months, according to a senior analyst at Goldman Sachs.
Oil prices rose to their highest level since mid-2015 on Tuesday, as political concerns among some OPEC nations offset projections for higher U.S. oil production. Alongside its allied producers, the 14-member cartel is keeping supply limits in place for a second consecutive year in order to try to clear a price-denting glut of oil inventories.