Why the ‘great de-stocking’ in oil and commodities could pave the way for future gains

Goldman Sachs

25 May 2023

Oil and commodity prices have fallen this year amid unprecedented declines in inventories. But this “great de-stocking” could also pave the way for strong gains if the economy avoids a recession given solid fundamentals and overall demand, explains Jeff Currie, global head of commodities in Goldman Sachs Research.   Learn more about your ad choices. Visit megaphone.fm/adchoices