Goldman Sachs Flags $120 Oil Risk As Middle East Attacks Intensify
Goldman Sachs says oil could reach $120 a barrel if Middle East shipping attacks escalate, while favoring natural gas and diesel positions.
A big bank thinks oil prices might jump really high if fighting in the Middle East gets worse and stops ships from delivering oil. When you see oil news, watch whether shipping stays safe—that's a clue about whether prices could actually rise.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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