Goldman Sachs warns Trump's tariffs could drive oil prices higher for consumers in the near term
Portfolio Pulse from
Goldman Sachs warns that Trump's tariffs could lead to higher oil prices for consumers. Analyst Samantha Dart predicts Brent crude could reach $78 a barrel due to tight inventory and limited alternatives.
November 29, 2024 | 5:30 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Goldman Sachs predicts Brent crude could reach $78 a barrel due to tight inventory and limited alternatives, potentially impacting BNO, an ETF that tracks Brent crude oil prices.
BNO is an ETF that tracks Brent crude oil prices. With Goldman Sachs predicting a rise in Brent crude prices to $78 a barrel, BNO is likely to see a positive impact as its value is directly tied to the price of Brent crude. The tight inventory and limited alternatives support this forecast, making it relevant and important for BNO investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80