Goldman Sachs told clients there is a strong chance commodity prices may reverse, recommending they take profits. Goldman Sachs recommended that investors stop buying a specific oil contract that the investment bank had previously recommended. The U.S. appears to have started cutting oil consumption as consumers face higher prices for gasoline and other petroleum-based fuels. Goldman Sachs is a major player in oil markets and it has been one of the most vocal about the potential for oil to rise this year.
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