Huitong.com, February 9th - Goldman Sachs predicts that oil prices may fall below $20 a barrel. Investors search for oil prices that balance supply and demand, making prices more volatile. Jeff Currie, head of commodities research at Goldman Sachs, said that some places have crude storage facilities. Prices may need to be reduced to a level sufficient to stop crude oil production because the oil produced is not ready to be loaded. Currie said in a television interview that once the storage limit is exceeded, the price will have to fall below the cash cost, because the crude oil producer must stop production immediately and the volatility will rise sharply. He does not feel that the oil price has fallen to more than a dozen dollars per barrel. Very surprised. West Texas Intermediate oil was close to $30 a barrel on Tuesday and fell to a 12-year low of $26 a barrel on January 20. The global oversupply problem continues to intensify as OPEC production rises and US shale oil production does not decrease. Currie said that with the gradual expansion of the rebalancing process, oil prices may fluctuate between $20 and $40 per barrel in the next 6-9 months. According to data from the US Energy Information Administration, in the week ending January 15, Cushing's inventory reached 64.2 million barrels. Currie also said that although oil price volatility is expected to increase, its plunging trend seems unlikely to derail the global economy. Currie said that unlike the previous cycle, there are many risk aversion arrangements in place in the market. He said that from the flexible exchange rate of Russia to the good liquidity of the US high-yield bond market, these systems are designed to make the financial system More secure. Power Trowel,Trowel Machine,Concrete Power Trowel,Concrete Trowel Machine NINGBO MAX MACHINERY CO.,LTD , https://www.nbmaxmachinery.com