Goldman Sachs warns oil prices could hit $120 as U.S. fuel costs surge
Why now
Thesis: Goldman $120 oil forecast pressures margins
Catalyst to watch: U.S. fuel cost surge continuing
Main risk: Inflation keeps rate-cut hopes in check
Why it matters
A Goldman forecast of $120 oil implies higher input and transport costs, pressuring margins and feeding inflation expectations that can keep rate-cut hopes in check.
Sources
- googlenews · news.google.com · 2026-09-08 14:54 UTC
- googlenews · news.google.com · 2026-09-08 14:54 UTC