Goldman Sachs flips on oil-price forecasts and says $120 Brent could be next.

Goldman Sachs has dramatically shifted its oil-price predictions, now anticipating Brent crude could surge to $120 per barrel, a significant reversal from earlier forecasts. This change follows a period of heightened geopolitical tensions and supply chain disruptions. Such a price leap could have far-reaching implications for global energy markets, inflation rates, and economic growth, underscoring the unpredictable nature of the commodities market. The move highlights how swiftly market conditions can shift and the potential ripple effects on various sectors.