Oil selloff overshoots, says Goldman, as U.S. crude extends dive below $100 a barrel

A selloff that’s sent the U.S. crude diving below $100 a barrel this week has already gone too far, according to analysts at Goldman Sachs.

West Texas Intermediate crude CL.1 CL00 CLQ22 fell 97 cents, or 1%, on Wednesday to close at $98.53, a nearly three-month low. The U.S. benchmark on Tuesday fell below the key $100 mark for the first time since May.

The…