Oil is definitely in a long-term upward movement, but Goldman's "announcement' is nothing but manipulation. They are long in the market and using this 'report' to move the price their way. It is so blatant that it will encourage an investigation.
While the supply-demand situation has tightened as a result of increased demand (especially from China and India), currently oil stocks in the US and Europe are full. No reason for this current spike except manipulation. Look for a correction. Somebody is making money on the run-up and will make money on the way back down.
My bad. I read your thread but then people linked to other opi and I guess I melded all opi together and lumped them into your thread.