Oil Prices Reflect War Escalation Risks, Goldman Sachs Notes
Hyperdash NewsCommoditiesOil prices are showing increased risk due to potential war escalation, according to Goldman Sachs. The firm noted the upcoming U.S. midterm elections as a factor in this repricing of oil assets, driven by geopolitical and political uncertainties.
This assessment follows a period of volatility, with Brent crude futures settling above $100 a barrel for the first time since July 23 on September 9. Goldman Sachs analysts previously raised their year-end forecast for Brent to $90 per barrel and for 2027 to $80, citing ongoing Strait of Hormuz hostilities. They also warned that Brent could exceed $120 per barrel if Middle East output remains below pre-war levels. Traders on Hyperdash have taken 
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