New research report by Goldman Sachs indicates that unlike the US market, Global oil market conditions are constructive. It points to recent IEA report that shows draws on floating storage continuing in August with World oil demand exceeding supply by 600k bbl/day.  In addition, China data demonstrate strong industrial rebound with implied oil demand of 950k bbl/day.  Although GS sees oil prices touching $85 – 95 this fall, they view increasing US production as a risk.