Goldman Sachs Warns Crude Could Reach $140 by Early 2027 if Gulf Disruptions Continue
Goldman Sachs says commodity prices are likely to swing sharply amid ongoing geopolitical conflicts and supply chain disruptions. Crude oil could climb to around $140 a barrel in early 2027 if constraints on Middle Eastern supplies persist or worsen. Agricultural markets may also come under pressure from regional conflicts and possible weather disruptions linked to El Niño. The bank additionally projects significant price gains for copper and gold by 2027, driven by shifting demand trends.
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