Goldman Sachs raises crude oil price forecast on Middle East supply disruption risks
LCO LOGIQ Contrarian Opportunities ETF
$24.28 +3.68%
View chart & analysis → - 1Goldman Sachs stated that downside risks to Middle East supply will maintain short-term risk premiums.
- 2Strategists led by Dan Stratgev raised Goldman Sachs' Brent crude forecast for December 2026 from $90 to $105.
- 3Strategists said the surge in risk premium to approximately $27 per barrel explains most of the October crude price increase.
So what's the key point?
Goldman Sachs stated that downside risks to Middle East supply will maintain short-term risk premiums.
Source Investing.com +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.