DUBAI — Oil won’t be returning to the peak levels it saw last year when global benchmark Brent crude hit $86 a barrel, Goldman Sachs’ top commodities analyst said Monday.
“We’ve had a really bad fourth quarter, so the question is ‘how much have we recouped thus far?'” Jeff Currie, Goldman Sachs’ head of commodities research, told CNBC’s Dan Murphy at the 27th Annual Middle East Petroleum and Gas Conference in Dubai.
“Looking at oil more broadly… We don’t think you’re going to get back to those $80 levels again, so you’ve got some modest upside here.”
