Goldman Sachs Expects Oil Prices To Climb Higher In June

Goldman Sachs expects higher oil prices 12 months from now, analysts from the investment bank said in a note, pointing out a forecast demand increase in China to more than 16 million barrels daily over the period. The bank is quite bullish on all commodities: earlier this week, its head of commodities, Jeffrey Currie, said that the outflow of capital from the energy industry will result in shortages that will manifest later this year. "Historically, when you have this kind of scarring event, it takes months to get capital back ... We will still…