“Goldman Sachs Warns Brent Crude Could Hit $140 in 2024 on Middle East Risks | Nova Global ” — what this page in the network covers. Goldman Sachs analysts say Brent crude oil prices could surge to $140 per barrel next year if geopolitical tensions in the Middle East escalate further. The investment bank's forecast, reported by CNBC, suggests an average of $130 per barrel in 2024 under a more severe supply disruption scenario. The investment bank's forecast, reported by CNBC, suggests an average of $130 per barrel in 2024 under a more severe supply disruption scenario.
This would mark a significant jump from current levels and ripple through global energy markets, transportation costs, and inflation. The warning comes as conflicts involving key oil-producing nations raise fears of constrained supply. While the baseline outlook remains lower, the analysts stress that any prolonged disruption to major shipping routes or production facilities could quickly tighten the market. This listing links straight to the original page, where the content is available in full.