Goldman warns Brent oil may exceed $120 amid tensions
pre-market1 source ↓written by the desknot a recommendation
- if disruptions
- $120 per barrel
- Currently priced
- $87.68
- earlier this year
- $126
Goldman Sachs has warned that Brent crude oil prices could exceed $120 per barrel if disruptions in the Strait of Hormuz persist. Currently priced at $87.68, Brent has fallen from a peak of $126 earlier this year due to geopolitical tensions affecting global oil flows. The bank's forecast hinges on a return to normalcy by the end of July.
Not investment advice. For informational purposes only.