Goldman Sachs Flags Upside Oil Price Risks Through 2027
Goldman Sachs warns oil prices may remain above $100 through 2027 following attacks on Middle East energy facilities. Brent crude rose past $119 a barrel today.
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Analysts at The Goldman Sachs Group, Inc. have warned that risks to global oil prices are skewed to the upside in both the near term and through 2027. The bank noted that the persistence of major supply shocks in the past highlights the potential for prices to remain above $100 per barrel for an extended period.
