Investors considering PXI should note what Goldman Sachs said about oil demand earlier last week. “The magnitude of the coming change in the volume of demand — a change which supply cannot match — must not be understated,” said the bank. Power Up with ‘PXI’ In a sign that producers agree with that outlook, drilling activity is ramping up in U.S. shale locations, and more rigs are coming back online following the 2020 nadir. “Jeff Currie, Goldman’s global head of commodities research, said he expects oil demand to increase by 5.2 million barrels per day over the next six months. This translates to Brent crude futures, the international oil benchmark, hitting $80 per barrel by the third quarter, he said,” reports Pippa Stevens for CNBC