Oil Prices Near Four-Year Lows. Goldman Sachs Sees Opportunity.
Group 1 - U.S. oil prices are trading near their lowest level since February 2021, with West Texas Intermediate crude settling at $57.42 per barrel [1] - Goldman Sachs recommends investors to short U.S. oil, indicating a bearish outlook on the commodity [1] - The stock market is experiencing volatility, with notable movements in stocks like Merck, which is breaking out past its latest buy point [1][2] Group 2 - The market is closely watching Nvidia's earnings, which could impact tech stocks significantly [4] - Several stocks, including Eli Lilly and CrowdStrike, are near buy points, indicating potential investment opportunities [4]