Goldman Reverses Course: Sees Brent Crude Spiking to $120
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Goldman Sachs analysts have executed a rapid pivot on crude pricing, moving from downgrading forecasts to now flagging $120 Brent as a live possibility within a three-month window. The reversal underscores how quickly institutional desks are repricing geopolitical and supply-side risk.
The shift arrives alongside fresh reports of a Houthi strike on a Saudi Aramco refinery, which pushed WTI and Brent toward seven-week highs. For industry watchers, the alignment of a major bank's bullish call with an actual supply disruption signals that energy desks may be recalibrating risk premiums across the board.
Brokers and analysts covering commodities will likely revise client-facing outlooks in the coming sessions as this narrative develops.