Goldman sachs warns 20 oil price coming soon
I couldn't find any recent information or credible sources suggesting that Goldman Sachs has warned of a $20 oil price coming soon. Goldman Sachs is a reputable investment bank and financial services company, and their analysts and economists are known for their insightful and well-researched reports on the energy market.
However, it's possible that you may be referring to a specific report or analysis from Goldman Sachs that predicted a significant decline in oil prices. In the past, Goldman Sachs has made predictions about the direction of oil prices, and some of their predictions have been accurate.
For example, in 2020, Goldman Sachs predicted that oil prices would fall to $20 per barrel due to the COVID-19 pandemic and the resulting decline in global demand. At the time, Brent crude oil prices were trading around $60 per barrel, and Goldman Sachs' prediction was seen as a bold call by many analysts.
However, it's worth noting that oil prices have since recovered significantly, and Brent crude oil prices are currently trading above $70 per barrel. This is due to a combination of factors, including the reopening of economies, increased demand for energy, and supply constraints in the oil market.
In any case, it's always important to take predictions and warnings from investment banks and financial institutions with a grain of salt, and to do your own research and due diligence before making any investment decisions.