Goldman Sachs said oil could rebound to $120/bbl if attacks on shipping in the Middle East increases, and recommended investors go long natural gas and diesel. A Goldman Sachs co-head of global commodities research said recent events show the risk of

2026-09-07

Goldman Sachs said oil could rebound to $120/bbl if attacks on shipping in the Middle East increases, and recommended investors go long natural gas and diesel. A Goldman Sachs co-head of global commodities research said recent events show the risk of widening shipping disruptions cannot be ignored. The bank also models a downside case of $80/bbl if regional exports return to normal, and flagged that supply shocks are larger in European gas and refined products than in crude, so those markets are preferable for hedging geopolitical risk.