Oil won't be going back up to $80 levels, Goldman Sachs' commodities head Jeff Currie says

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Oil won't be going back up to $80 levels, Goldman Sachs' commodities head Jeff Currie says
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Oil not going back up to $80 levels, Goldman Sachs' Jeff Currie says

Oil won't be returning to the peak levels it saw last year when global benchmark Brent crude hit $86 a barrel, Goldman Sachs' top commodities analyst said Monday.

"Looking at oil more broadly — we've gotten back roughly 75% of that. We don't think you're going to get back to those $80 levels again, so you've got some modest upside here."

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