GoldFix

GoldFix

Oil: Geopolitical Problems Hidden by Inventory Builds

Shipping Bottlenecks Persist

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VBL
Nov 04, 2025
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Goldman Sachs Oil Tracker: Rising Stocks on Water vs. Flat US Stocks

Overview

Brent crude prices remained steady in the mid-$60s range through the week of the report. Support from a first-quarter 2026 OPEC + pause, sizable draws in U.S. EIA weekly inventories, and renewed disruptions to Russian facilities balanced against record-high U.S. output and early…

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