Goldman’s Currie Sees $90 Oil If Winter Is Colder Than Normal Oil held near its highest close in almost two months on signs that stockpiles globally are declining amid a global energy crunch ahead of the crucial winter demand period. Futures in London were little changed after earlier touching their highest level since July 14. Government data Wednesday showed nationwide U.S. crude inventories fell for a seventh week, while those at a key hub in Europe remain below average levels for the time of year. With stockpiles falling, the market’s structure has rallied strongly. Brent’s nearest December contract is almost $7 more expensive than the next year’s, the most since 2019. That’s a sign of traders growing increasingly positive on the outlook. A similar gauge of strength in the U.S. market is the strongest since 2013. Traders have been weighing the impact of a tightening natural gas market on […]