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7.7

Goldman Warns Oil Could Hit $120 on Middle East Shipping Risk

Goldman Sachs flags potential oil price surge to $120/bbl if Middle East shipping attacks broaden, citing recent escalation. Prices already at highest since mid-July. The warning underscores supply-chain risk premium, but actual price path depends on attack scope and any supply response.

OilPrice.com1 day agoUSengCredibility 61%View source

Score Breakdown

Mosaic Score7.7
Confidence0.5
Significance0.8
Source credibility0.6

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