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Oil Prices Drop But Gas Stays High | Raleigh News
Description
Goldman Sachs warns that oil price optimism may be too early, forecasting Brent crude to hover in the $80-$90 range until Middle East tensions stabilize — despite recent dips. Physical markets show tight inventories and slashed exports, while refining capacity remains severely constrained, keeping gas prices stubbornly high. While Wall Street broadly agrees current highs are unsustainable, Goldman sees an $80 floor, contrasting with more bearish forecasts predicting prices could fall into the $60s as supply issues ease.
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