• Oil and Gas: Blue wave in US elections likely to be a positive catalyst – Goldman Sachs

Market news

12 October 2020

Oil and Gas: Blue wave in US elections likely to be a positive catalyst – Goldman Sachs

FXStreet reports that per the analysts at Goldman Sachs, a blue wave referred to as the Democrat's control of the presidency and both chambers of Congress will become a positive catalyst for energy commodities.

"It should, however, be noted that US President Donald Trump has taken note of these polls and recently took a U-turn on the coronavirus (COVID-19). However, nothing could roll out the much-awaited stimulus measures as the Democrats are steady as a rock on their demands. Although such forecasts keep commodity traders hopeful, caution ahead of the event may challenge the risk trades". 

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