Gary Cohn

This tag is associated with 2 posts

Outflow From The Largest US Oil ETF Reached $1 Billion In April-May

Posted by ETFalpha ⋅ May 31, 2015 ⋅ Leave a comment

The biggest U.S. exchange-traded fund (ETF) that tracks oil, the United States Oil Fund, known as USO, is heading for the largest two-month outflow in six years. Investors are worried that it could be the end of crude’s 30 percent rally. Shareholders of the USO have withdrawn almost $1 billion so far since the beginning of April, … Continue reading →

Goldman Sachs: Oil Prices Could Fall To $30 A Barrel

Posted by ETFalpha ⋅ March 12, 2015 ⋅ Leave a comment

Goldman Sachs President Gary Cohn told CNBC on Wednesday he is very concerned about the short-term window for oil. He thinks crude prices could fall to $30 a barrel. One of the major reasons is the industry runs out of storage space. With the winter heating oil season ending, refineries are turning to producing more gasoline … Continue reading →