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Brent Oil Price Could Exceed $110 – Warns Goldman Sachs
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Goldman Sachs said Brent crude prices could rise above $110 per barrel if renewed attacks on tankers continue to disrupt oil exports through the Persian Gulf. The bank said Gulf exports have fallen to below 50% of pre-conflict levels, tightening global supply. While Goldman maintained its base-case forecast of $80 per barrel for late 2026 and $75 for 2027, it said prolonged export disruptions could drive prices sharply higher, while stronger-than-expected production could push Brent into the $60 range.
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