Goldman Sachs: Trump’s Love for Cheap Oil Could Cost Oil Drillers
Jeff Currie, Goldman Sachs’ (GS) commodities’ head, told CNBC that oil’s fall to $50 will hurt US oil producers. However, US President Donald Trump appreciated oil’s fall in recent tweets. On November 26, US crude oil active futures rose 2.4% from their lowest closing price of $50.42 per barrel in 2018.