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2026-04-09 12:19:01
[Goldman Sachs: Oil Price Risks Tilted to the Upside if Ceasefire Breaks or Strait Reopening Delayed] 1. Goldman Sachs analysts noted in a report that oil price risks are skewed to the upside due to the potential for prolonged supply disruptions and continued production losses. If the ceasefire cannot be maintained, or the reopening of the Strait of Hormuz is delayed by a month, even if Persian Gulf oil production recovers to pre-war levels, the average price of Brent crude in the fourth quarter is still expected to reach $100 per barrel. 2. If the Strait reopening is delayed, and the Middle East continues to cut production by 2 million barrels per day, Brent crude prices could rise to $115 per barrel. 3. Goldman Sachs maintains its oil price forecasts: Brent crude is expected to reach $82 per barrel in the third quarter and $80 per barrel in the fourth quarter; WTI crude is expected to reach $77 per barrel in the third quarter and $75 per barrel in the fourth quarter.
