3 Reasons Why Oil & Gas Is Goldman Sachs’ Favorite Sector ...Middle East

Wall Street investment bank Goldman Sachs has advised investors to buy energy and mining stocks, saying the two sectors are positioned to benefit from economic growth in China. GS’ commodities strategist has forecast that Brent and WTI crude oil will climb 23% and trade near $100 and $95 per barrel over the next 12 trading months, an outlook that supports their upside view for profits in the energy sector. "Energy trades at a discounted valuation and remains our preferred cyclical overweight.We also recommend investors own mining stocks,…

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