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Goldman Sachs: Brent at $120 is now ‘plausible'

Source: youtube.com

Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials
Goldman Sachs: Brent at $120 is now ‘plausible'

Goldman Sachs strategist Daan Struyven maintains that Persian Gulf oil exports will continue, but says Brent crude at $120 per barrel is now plausible if attacks on energy infrastructure and tankers escalate and halt export growth. The scenario highlights a material geopolitical upside risk to oil prices and potential inflationary pressure from disrupted Gulf supply.

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