reuters.com

Goldman Warns Oil Could Hit $120 If Middle East Vessel Attacks Intensify

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Sig1.28Sen+1.45Env-0.22Soc-0.18Gov0.00

Goldman Sachs said oil prices could rise to as much as $120 a barrel if attacks on Middle East shipping intensify, and it highlighted natural gas and diesel trades to capture potential gains. It also noted oil could fall to $80 if regional exports normalize. The view follows recent U.S.-Iran strikes that heightened fears of prolonged supply disruption.

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