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HSBC, Goldman Sachs see Brent oil hitting $80-110 if Strait of Hormuz blocked

GLOBAL BUSINESS AND FINANCE MAGAZINE
June 26, 2025
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Brent crude oil prices could hit $110 a barrel if the Strait of Hormuz is blocked, Goldman Sachs analysts have forecast, while HSBC analysts see prices topping above $80. Prices for Brent could average around $95 in the fourth quarter of 2025, Goldman Sachs said in a note dated June 22. Their assumptions included oil […]

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Oil steadies on supply risks, OPEC+ output increase

GLOBAL BUSINESS AND FINANCE MAGAZINE
May 28, 2025
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Oil prices held steady on Wednesday after the U.S. barred Chevron from exporting crude from Venezuela, but an expected decision from OPEC+ later this week to increase production in July capped gains. Brent crude futures was up 6 cents, or 0.1%, to $64.15 a barrel by 0852 GMT, while U.S. West Texas Intermediate crude gained 8 […]