Reported about 5 hours ago
Goldman Sachs analysts have indicated that the options market reflects only a 4% chance of a disruption in oil supply through the Strait of Hormuz following the recent Iran-Israel ceasefire. After initial concerns raised Brent crude futures to $81.40, prices fell below $68 due to diminished geopolitical fears. Analysts predict a 60% likelihood that Brent crude will remain in the $60s over the next three months, with a potential price increase to $90 in case of a supply disruption.
Source: YAHOO