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<Research>G Sachs: Prolonged Disruption in Strait of Hormuz Could Push Oil Prices to Record Highs
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Goldman Sachs has released a research report predicting that oil prices are likely to continue rising in the short term due to extremely low flow levels through the Strait of Hormuz. If the low flow levels lead the market to focus on the risk of prolonged disruptions, Brent oil futures could vault above the historical highs seen in 2008. Considering recent attacks on energy infrastructure, Goldman Sachs believes the Iran war could pose long-term risks to oil prices. Goldman Sachs' scenario analysis shows that oil price risks remain skewed to the upside, both in the short term and by 2027. The persistence of multiple large supply shocks in history highlights the risk scenario of prolonged disruptions and sustained large supply losses, suggesting that oil prices could remain above USD 100 per barrel for an extended period. AAStocks Financial News |
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