Goldman Sees Upside for Oil Prices Amid Supply Concerns

Goldman Sachs expects Brent crude oil prices to see some upside in the fourth quarter, potentially reaching $77 per barrel. The bank's outlook is driven by several key factors, including a recent interest rate cut by the Federal Reserve and strong U.S. economic data. Additionally, Hurricane Helene's formation reminds markets that hurricanes still have the power to disrupt oil supply. Despite Brent crude rallying 4% last week due to escalating conflict in the Middle East, the market experienced a selloff on Monday following more peaceful signals…