Goldman Sachs Warns Oil Could Hit $120.
Oil prices could climb as high as $120 per barrel if attacks on shipping in the Middle East escalate, according to Goldman Sachs.
The warning comes as tensions around the Strait of Hormuz continue to disrupt maritime traffic and raise concerns about longer-term energy supply disruptions. Brent crude was already trading near $97.50 on Monday after rising tensions between the U.S. and Iran.
Goldman says natural gas and diesel could offer better upside exposure to the current energy shock, as disruptions to shipping and refining capacity could tighten supplies of refined fuels and gas.
At the same time, the bank sees significant downside risk if the situation improves and regional oil exports return to normal, with crude potentially falling toward $80 per barrel.
The latest warning highlights how quickly geopolitical tensions could reshape energy markets, with higher fuel prices also creating fresh inflation risks for the global economy.
$BTC
#oil #BTC
Oil prices could climb as high as $120 per barrel if attacks on shipping in the Middle East escalate, according to Goldman Sachs.
The warning comes as tensions around the Strait of Hormuz continue to disrupt maritime traffic and raise concerns about longer-term energy supply disruptions. Brent crude was already trading near $97.50 on Monday after rising tensions between the U.S. and Iran.
Goldman says natural gas and diesel could offer better upside exposure to the current energy shock, as disruptions to shipping and refining capacity could tighten supplies of refined fuels and gas.
At the same time, the bank sees significant downside risk if the situation improves and regional oil exports return to normal, with crude potentially falling toward $80 per barrel.
The latest warning highlights how quickly geopolitical tensions could reshape energy markets, with higher fuel prices also creating fresh inflation risks for the global economy.
$BTC
#oil #BTC
