Brent crude may hit $140 in 2027, warns Goldman Sachs

Goldman Sachs warns Brent crude could surge to $140/bbl in early 2027 if Gulf output stays 5 million bpd below February 2026 levels. Risks include Strait of Hormuz attacks, infrastructure damage, and a colder European winter. European gas may hit EUR 150/MWh. Gold could reach $5,400/oz and copper $15,400/tonne by end-2027.