Oil Could Skyrocket to $120 on Shipping Risks, Goldman Sachs Warns
TL;DR Summary
Goldman Sachs says worsening shipping disruptions in the Middle East could push crude to as high as $120 per barrel, as tensions around the Strait of Hormuz escalate; prices were already near $100 earlier, with Brent above $97 and WTI above $92, and the bank suggests gas and refined products may see bigger upside due to supply shocks.
- Goldman Sachs Warns Oil Could Hit $120 as Shipping Risks Rise Crude Oil Prices Today | OilPrice.com
- Oil prices hold near 6-week highs on US-Iran attacks Reuters
- Goldman Flags Risk of $120 Oil If Mideast Ship Attacks Intensify Bloomberg.com
- Oil Prices Rise Slightly After U.S. and Iran Trade Strikes nytimes.com
- Oil Rises as Escalating U.S.-Iran Conflict Stokes Supply Disruption Fears WSJ
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