Goldman Flags Risk of $120 Oil
Goldman Sachs Group Inc. said oil may rally to as much as $120 a barrel if attacks on shipping in the Middle East increase. The bank recommended bets on natural gas and diesel to capture gains, citing larger supply shocks in those markets. Brent last traded near $97, and industrial fuel diesel has more than doubled this year.
Why it matters: This highlights the theme of energy-market risk and geopolitical supply disruptions.