Goldman Sachs flags upside risk to Brent, WTI oil price forecasts on Middle East tensions
- Oil/Gas
sxcoal.com79 words51 reads
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Goldman Sachs said the risk of renewed escalation in the Middle East poses upside risk to its forecasts of $80 per barrel for Brent and $75 per barrel for WTI in Q4 2026. If the Strait of Hormuz remains disrupted, Brent crude prices could surge past $120 per barrel in the fourth quarter of 2026, the bank added.
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