Goldman Sachs warns of significant oil price upside risks, potentially exceeding $120/barrel

Goldman Sachs has identified significant upside risks for oil prices, projecting Brent Crude could surpass $120 per barrel under extreme geopolitical scenarios. The investment bank cited potential disruptions in key shipping lanes like the Strait of Hormuz, Strait of Mandab, and Suez Canal as major factors. Goldman Sachs anticipates that summer inventory drawdowns will support high prices in the short term, with a full recovery of Gulf oil production potentially delayed until late 2027 in the most severe disruption case. AI

RANK_REASON Goldman Sachs analysis of commodity prices and geopolitical risks.

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