Goldman Sachs has been sandbagging their crude forecasts so hilariously that I'm convinced they're frontrunning their customers.

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JumpCrisscross 11 hours ago | parent [-]

Do they meaningfully deviate from their peers?

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selectodude 11 hours ago | parent [-]

Not really. It's just that the divergence in price analysis coming out of banks vs the what people in the oil industry are saying is just so ridiculous that I refuse to believe that the hotshot analysts at GS/JPM are that ignorant.

	▲	JumpCrisscross 8 hours ago \| parent [-]
		> divergence in price analysis coming out of banks vs the what people in the oil industry are saying Source for a consensus from oil? The crack spread shows refiners pricing in higher prices [1]. If the domestic refiners and producers can’t agree, why is the homogenous opinion of the banks a conspiracy? [1] https://rbnenergy.com/market-data/3-2-1-crack-spread