GOLDMAN News & Analysis
2 articles
Market Mood
Brent Crude Prices Drop to $113.66 Amid U.S.-Iran Tensions
On Tuesday, Brent crude futures decreased by 0.7% to $113.66 per barrel, while U.S. West Texas Intermediate (WTI) futures fell 1.9% to $104.39. This decline is attributed to renewed tensions between the U.S. and Iran following attacks in the Strait of Hormuz. Goldman Sachs noted concerns over localized shortages of refined products like naphtha and LPG, with global oil stocks currently estimated at about 101 days of demand, expected to drop to 98 days by the end of May. These developments could heighten scrutiny in the oil market, impacting pricing and availability.
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Goldman Sachs maintains copper price and surplus forecasts for 2026
Goldman Sachs has confirmed its forecasts for copper prices and market surplus for 2026. They project that copper will encounter a surplus, impacting supply chain dynamics and pricing in the commodities market. This affirmation from a major financial institution may influence investor sentiment and trading strategies regarding copper-related assets. The report underscores the importance of monitoring commodity forecasts for potential market movements.
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