Goldman Sachs Head of Commodity Research Releases Oil and Metal Price Outlook
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Goldman Sachs Co-Head of Global Commodity Research and Head of Oil Research Daan Struyven released a commodity price outlook on the Goldman Sachs Exchanges podcast: Although Middle East crude oil flows have rebounded, preventive purchases by physical buyers and portfolio hedging demand from institutional investors are still pushing up oil prices. Affected by refinery damage and underinvestment in manufacturing, refined product exports from the Persian Gulf, such as diesel and gasoline, are only around 40% of the 2025 average. He expects copper prices to rise another 10% by the end of 2027, and gold prices may also increase due to central bank demand.
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- Goldman Sachs: ExchangesGoldman Sachs' Daan Struyven Explains Why Oil Prices Are Rising Despite Supply Recovery
Daan Struyven, Co-Head of Global Commodities Research and Head of Oil Research at Goldman Sachs, noted on the Goldman Sachs Exchanges podcast that despite the rebound in Middle East crude flows, precautionary buying by physical buyers and portfolio hedging demand from institutional investors continue to push oil prices higher. Refined product exports from the Persian Gulf are only around 40% of 2025 average levels. He expects copper prices to rise another 10% by the end of 2027, and gold prices may also move higher due to central bank demand.
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