Just days after OPEC slashed its oil demand forecast as a result of the slowdown in China's economy due to the Covid-19, moments ago Goldman has doubled down on its bearish oil take and has cut its oil price target by $10 to $53 in Q1 through the end of the year, as a result of what it now estimates is a loss of as much as 4 million barrels per day out of China. In a note from Goldman's Damien Courvalin, the commodity strategist writes that fundamental uncertainty in the oil market is exceptionally high, adding that "the loss of Chinese and global oil demand from the coronavirus outbreak is significant but ... (full story)