Goldman Sachs: WTI to average $35 a barrel in Q2

In its latest report, Goldman Sachs noted that WTI oil at $ 35 is ideal to make investments in the US explorers’ stocks.

Key Headlines:

Oil at $35 a barrel (WTI) is right to make shares of U.S. explorers worth buying

Price of crude at that level is above cash costs of production ... but would deter a rebound in shale output from occurring too early

Forecasts:

WTI to average $35 a barrel in Q2

$38 for 2016

$57.50 for 2017