Goldman Sachs oil price forecasts after the Saudi attack

Comments from GS’ Energy Research & Senior Commodity Strategist

  • Brent oil up $3 to $5 if the shutdown time is less than a week
  • Up $5 to $14 if the shutdown is longer, 2 to 6 weeks
  • If the shut down of production is more than 6 weeks price to over $75, shale oil production gets a big boost