Goldman Warns Oil Could Hit $120 as Middle East War Drags On | OilPrice.com

Oil prices to hit $120 soon? Goldman Sachs makes big prediction as Hormuz concerns loom

Goldman Sachs has warned Brent crude could spike to $120 per barrel if disruptions through the Strait of Hormuz persist, though its base case assumes easing Middle East tensions and prices averaging $80 in Q4.