Analysts at Goldman Sachs said Brent crude could reach $140 a barrel next year if tensions worsen in the Middle East. The article provides no further details on the basis for the forecast.
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oil pricesGoldman SachsMiddle Eastgeopolitics
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Related tickers and likely impact
PVD
▲ Likely positivePetroVietNam
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 16,653 bn VND |
| P/E | 18.4 |
| P/B | 0.97 |
| Close on 11/02/2026 | 17.70 |
| Change that session | -1.39% |
PVT
▲ Likely positivePVTrans
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Industrial Goods & Services |
| Industry | Marine Transportation |
| Market cap | 10,985 bn VND |
| P/E | 7.1 |
| P/B | 1.11 |
| Close on 11/02/2026 | 20.60 |
| Change that session | -3.06% |
VJC
▼ Likely negativeVietjet Air
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Travel & Leisure |
| Industry | Airlines |
| Market cap | 101,213 bn VND |
| P/E | 46.5 |
| P/B | 3.84 |
| Close on 11/02/2026 | 132.30 |
| Change that session | +0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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As of 16:20 on November 2, Brent for January delivery fell 3.91% to 109.00 USD/barrel and WTI for December delivery fell 4.1% to 99.85 USD/barrel, after reports that the US and Iran are pursuing diplomatic solutions. U.S. Secretary of State Marco Rubio said President Trump does not want to use military options, while Iranian officials said a deal could still be reached after two days of talks mediated by Qatar. However, the US and Iran are reportedly preparing for possible military strikes after the November 3 midterm elections, and Supreme Leader Mojtaba Khamenei urged the armed forces to respond to every level or type of threat. PVM Oil Associates analyst Tamas Varga said concerns over the Middle East and Ukraine may keep weighing on energy markets in the short term. Goldman Sachs warned Brent could climb to 140 USD/barrel in 2027 if Gulf output keeps falling.
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