Oil Prices Could Surge Past $120 | Dallas News

Oil prices could surge past $120 a barrel as Middle East tensions escalate, with Goldman Sachs warning of sustained highs amid ongoing attacks on shipping lanes and infrastructure. Brent crude, already near $100, faces a potential 20% jump driven by Strait of Hormuz closures, Ukraine war fallout, and global refining shortages. Consumers are already feeling the pain—diesel hit a record $5.90 per gallon, fueling inflation fears as transportation costs ripple through everyday goods. While some expect prices to fall once conflicts ease, Goldman’s analysis leans toward continued upward pressure, with markets increasingly bracing for prolonged instability. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/41c611fb9947830e