Goldman Sachs analyzed in a report released on October 8 that despite the gradual recovery of crude oil supply in the Middle East, global oil inventories have fallen to their lowest level since 2017. Furthermore, the average risk premium reflected in the September Brent crude oil term spread, which accounts for geopolitical and other factors, reached $22 per barrel, the second highest on record. Goldman Sachs believes that these factors collectively support Brent oil prices remaining above $100 per barrel, as market concerns about potential supply disruptions persist.