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0 -0.000426990520362805 -0.000539078074779255 0.00177997477521461 0.00323446844867576 0.00530941047235448 0.00899141543594128 0.0072826396517353
Stock impact report

Crude oil set for biggest weekly gain in two years on fears of Middle East supply disruption [MSNBC.com]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: MSNBC.com
U.S. crude oil is set for its best week in two years, after President Joe Biden indicated that the is discussingU.S benchmark is up about 10% for the week, on pace for the biggest weekly gain since Oct. 7, 2022. Global benchmark is ahead more than 9% this week.Oil prices would spike by $10 to $20 per barrel if an Israeli strike knocks out 1 million barrels per day of Iranian production over a sustained period, said Daan Struyven, head oil analyst at Goldman Sachs.Just how high prices would go depends on whether OPEC uses its spare oil capacity to plug the gap, Struyven said.Here are today's energy prices at around 12:40 p.m. ET:Though oil prices have surged this week on geopolitical tensions, they have risen from a low baseline. Just last month, prices hit their lowest level in nearly three years as bearish sentiment swept the market on soft demand in China and plans by OPEC+ to increase production."The risk to the oil price outlook are definitely significant," Struyven told CNBC's" Show less Read more
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