Goldman Sachs' Currie: Oil's Rally Is Unloved

The OPEC+ production cuts are beginning to impact oil prices, Goldman Sachs' Jeff Currie told CNBC on Tuesday. "What we've been waiting for for six months is finally beginning to play out," Currie said when asked if we're starting to see the beginnings of the bull case for oil. "Inventories in oil are drawing, Chinese demand is back to 15.9 million barrels per day, time spreads are tightening—all indications of a bull structure," Currie said on Tuesday. However, Currie said, "Investors are entirely absent," adding that this is an "unloved…