📊 Key Highlights: • Goldman Sachs now sees Brent at $90 & WTI at $83 (Q4 outlook) • Current prices already elevated — supply still tight • Middle East disruptions → ~13–14M b/d shortfall risk
⚡ What’s Driving It? • Stalled Iran–US nuclear talks • Inventory drawdowns + product shortages • No quick replacement for lost supply
💡 Big Insight: Higher prices = demand destruction ahead → Goldman expects -1.7M b/d demand drop short-term
❓ Next Move: Will oil spike further before demand collapses?