Goldman Sachs reverses engines on oil-price forecasts and raises the specter of $120 per barrel crude
Why now
Thesis: Goldman's $120 oil scenario signals tighter supply conviction
Catalyst to watch: Supply disruptions or OPEC+ policy shifts
Main risk: Inflation risk pressures broader risk assets
Why it matters
Goldman reversing to a $120 oil scenario signals sell-side conviction on tighter supply, which supports energy prices but raises inflation risk for broader risk assets.
Details
In the span of just three months, Goldman Sachs analysts have gone from lowering their oil-price forecasts to hiking them.
Sources
- marketwatch · 2026-09-08 08:58 UTC