Goldman Sachs Predicts Oil Surge to $145, May Boost Apple Costs
Goldman Sachs warns oil could average $98 per barrel through April and spike to $145 under a 60-day Strait of Hormuz disruption, which may inflate Apple’s supply-chain costs and pressure sales of new high-end devices. Algert sold 3,330 shares, cutting its stake to 149,431, while Arkos bought 2,623 shares.
1. Oil Price Outlook and Supply-Chain Impact
Goldman Sachs projects average oil prices of $98 per barrel through the end of April, rising as high as $145 if a 60-day disruption occurs in the Strait of Hormuz. Such elevated fuel costs could drive up manufacturing and logistics expenses for Apple, potentially squeezing margins on premium products and dampening consumer demand for high-end devices.
2. Institutional Trading Shifts
Algert Global reduced its Apple position by selling 3,330 shares, bringing its holding down to 149,431 shares, reflecting a 2.2% stake cut. Conversely, Arkos Global Advisors increased its exposure by acquiring 2,623 shares, signaling growing confidence with an 18.3% boost to its Apple stake.