Goldman Sachs lowers geopolitical risk premium for oil, anticipates $10-$20 Brent price rise if Iranian production disrupted.

Goldman Sachs reports a slight decrease in the geopolitical risk premium for oil this week, following recent volatility in Brent crude prices. Currently priced at $77.72 per barrel, Brent could rise by $10-$20 if Iranian production is disrupted, though it may stabilize if disruptions are avoided. Options markets indicate a 5% chance of a $20 price increase due to significant interruptions in supply within the next month.

October 09, 2024
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