Global Synchronous Expansion To Support Oil Demand Growth In 2018 - Goldman

Omkar Godbole FXStreet Contributor

Comments from Investment Bank Goldman Sachs are cross the wires via Reuters-

Global synchronous expansion to support oil demand growth in 2018.
Sees current momentum creating upside risks to the 4.1 pct global GDP growth we are assuming and, as a result, to our already above-consensus 1.7 million barrels per day (mbpd) demand growth forecast.
For 2017, we now estimate global oil demand growth of 1.64 mbpd.
Macroeconomic data has continued to surprise to the upside and is indicative of a globally synchronized economic expansion that appears to have accelerated in recent months.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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