Goldman warns wider oil-price range as Middle East shipping risks rise
Goldman Sachs says escalating attacks on Middle East shipping threaten global energy supplies, prompting a wider oil-price range. It flags a scenario where oil could surge to $120/bbl if disruptions intensify.
Goldman Sachs sees a wider oil-price range as escalating attacks on Middle East shipping threaten global energy supplies. The bank said oil could rise to $120 a barrel if shipping disruptions broaden and intensify. 50 level, that implies roughly 23% upside. Goldman also sees oil fal…