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Commodities

$120 Oil Prices Loom Amid Ongoing Middle East Attacks

Guavy AI Editorial Team
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Oil Natural Gas
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Oil prices may surge to $120 per barrel if attacks on shipping in the Middle East continue, according to Goldman Sachs.

Daan Struyven, co-head of commodity research at the investment bank, stated that current oil prices below $100 could only provide temporary relief as ongoing disruptions push prices higher.

Natural gas and diesel are identified by Struyven as potential areas for investors seeking exposure to further energy price increases.

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