Goldman Sachs Raises Oil Price Outlook Amid Prolonged Middle East Disruptions
Goldman Sachs has upgraded its global crude oil price forecast, warning that sustained geopolitical disruptions in the Middle East could push Brent crude toward $120 per barrel despite near-term export constraints. The revised outlook reflects expectations that supply tightness will persist through 2027.
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Goldman Sachs flips on oil-price forecasts and says $120 Brent could be next.
In the span of just three months, Goldman Sachs analysts have gone from lowering their oil-price forecasts to hiking them.
By Jules Rimmer
Read full article →Goldman ups oil price forecasts as Mideast disruptions seen extending into 2027
By Investing.com
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