# Why Goldman Sachs sees a ‘buying opportunity’ in oil’s recent selloff - MarketWatch

> Oil futures lost more than 6% in the week, the largest weekly drop since October, with WTI down 6.4% and Brent down 6.8%. Goldman Sachs called the pullback a transient halt in a larger rally and expects a rapid oil market rebalancing in coming months.

- Date: 2021-03-19 · published 2021-03-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6205-why-goldman-sachs-sees-a-buying-opportunity-in-oil-s-recent-selloff-marketwatch
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Goldman's view that rebalancing will tighten supply points to firmer crude prices after the selloff. Energy-linked feed and biofuel costs could recover from here.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- marketwatch.com: https://www.marketwatch.com/story/why-goldman-sachs-sees-a-buying-opportunity-in-oils-recent-selloff-11616177256

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.