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G Sachs Revises Up Dec Brent Oil Futures TP to USD105 on Immense Supply Risks
2026-11-02 12:12:59 Goldman Sachs revised up its target price for Brent oil futures for December delivery to USD105 per barrel from USD90, while forecasting an average price of USD88 next year, 10% above its previous estimate, to factor in heightened supply risks. Downside supply risks are substantial and could keep short-term risk premiums elevated, the broker noted. The market is more and more concerned about potential escalation after the US midterm elections on Tuesday (3rd) and possible disruptions to Middle East supply thereafter. ~ AASTOCKS Financial News Website: www.aastocks.com | |