Goldman Sachs considers $120 oil possible
Goldman Sachs has reported that oil prices could reach $120 per barrel if attacks on shipping in the Middle East intensify, with warnings that prices might drop to $80 if exports return to normal levels. They also recommended betting on natural gas and diesel to benefit from the potential rise in prices. These forecasts come amid growing concerns over prolonged disruptions to oil supplies due to ongoing clashes between the United States and Iran over ships in the Strait of Hormuz and other areas.
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