Goldman Sachs warns Brent could hit $120 if Middle East war persists
The Quick Take — AI synthesis of 1 sources covering this story.
- Goldman Sachs raises Brent crude base case to $90/barrel for Q4, with upside risk to ~$120 if war drags on
- No immediate price movement data provided, but war-risk premium scenario implies ~33% upside from base case
- Goldman Sachs analysts flagged the escalating conflict as the key driver behind the revised oil price outlook
- Trajectory depends on war duration — prolonged conflict could push Brent toward $120, a level not
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