Goldman Sachs raises oil price forecasts, warns Brent could hit $140 in 2027

Goldman Sachs has increased its predictions for oil prices, citing growing concerns over global instability and potential disruptions to oil supplies from the Gulf region. This shift in forecast is driven by the bank's assessment of heightened geopolitical risks, including increased attacks on shipping and damage to critical infrastructure. As a result, Brent crude oil prices could potentially reach $140 per barrel by 2027, which could have significant implications for markets, trade, and the global economy.

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Geopolitical risks and potential Gulf supply disruptions are driving up oil price forecasts. This could lead to higher crude prices and impact the global economy.

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