Goldman says oil's rebalancing remains fragile amid macro headwinds

The Wall Street bank, which turned bullish on oil earlier this year, said oil prices will remain in a $45 a barrel to $50 a barrel trading range through mid-2017, with near-term risks skewed to the downside due to high inventory levels and the possibility of a stronger dollar. "Beyond these near-term uncertainties, however, our updated supply-demand balance is little changed and still points to a slow rebalancing of the global oil market over the coming year," the U.S. bank said in a note dated