Goldman lifts December Brent forecast to $105 on Middle East and Russia supply risks
Forexlivevia NewsData.io
Goldman’s upgrade reinforces the case that oil’s geopolitical premium is likely to persist even if diplomacy produces short-term relief. The bank’s view that a lasting breakthrough will be difficult runs counter to Monday’s talks-driven dip in crude, suggesting some on Wall Street see that move as fragile. Adding a standing disruption allowance to its base case also signals that sell-side forecasters are now treating supply shocks as a feature of the market, not a temporary aberration. Higher oil forecasts also carry wider implications: they add to inflation risks that have already pushed the
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