June 27, 2018 / 10:58 AM / 3 months ago

Goldman Sachs investment division recommends being long oil

LONDON (Reuters) - Goldman Sachs’ investment management division recommended its clients to be long oil as it expected crude prices to rise.

“We see some upside to oil prices,” Sharmin Mossavar-Rahmani, CIO of the group which provides investment services to high-net worth individuals and institutional investors - an arm of the Goldman Sachs Investment Management division.

Reporting by Marc Jones, writing by Karin Strohecker, editing by Mike Dolan

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