Goldman Adds 17% to Its Brent Call: Is It Actually Bullish?

Crypto Insight Summary: Goldman Sachs lifted its December Brent crude forecast to $105 per barrel on high supply disruption risk. The new call sits 17% above its October estimate of $90. Brent traded at $110.40 on November 2, so even the raised target sits about 5% below the market. WTI shows a similar gap, with the bank’s $94 Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Oil supply disruption may lift inflation concerns and curb risk appetite, though the raised Brent target is below spot.