Goldman warns Brent oil could exceed $120
after close1 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 may exceed $120 per barrel if disruptions in the Strait of Hormuz persist. Currently priced at $87.68, Brent has dropped from a peak of $126 earlier this year, reflecting ongoing geopolitical tensions affecting global oil flows. Traders should monitor developments closely, as prolonged instability could lead to significant price increases.
Not investment advice. For informational purposes only.