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Goldman Sachs is raising its oil price forecast on Middle East supply risks
Quartz · November 2, 2026 · Week 2026-45
Summary
Goldman Sachs has revised its oil price forecast upwards, citing escalating supply risks in the Middle East. This indicates that financial markets are pricing in a higher probability of disruptions to regional energy flows due to geopolitical tensions.
Strategic Implication
Indicates growing market concern over geopolitical stability in the Gulf, potentially leading to increased price volatility and a higher risk premium on crude barrels from the region.