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Goldman Sachs Cuts Fourth-Quarter Crude Forecast to $80

Goldman Sachs Cuts Fourth-Quarter Crude Forecast to $80
Bloomberg Markets Wednesday 24 June 2026, 12:15 UTC 1 min read
Key Points

Jun 24th, 2026 Goldman Sachs Cuts Fourth-Quarter Crude Forecast to $80 Daan Struyven, co-head of global commodities research at Goldman Sachs, explains the three reasons why oil prices are coming down so quickly following the US and Iran reaching an interim peace agreement and says analysts and investors “underappreciated the flexibility” in global oil markets during the conflict.

Jun 24th, 2026 Goldman Sachs Cuts Fourth-Quarter Crude Forecast to $80 Daan Struyven, co-head of global commodities research at Goldman Sachs, explains the three reasons why oil prices are coming down so quickly following the US and Iran reaching an interim peace agreement and says analysts and investors “underappreciated the flexibility” in global oil markets during the conflict. [Image text:] GOLDMAN SACHS'UPSIDE OIL RISKS Tailwinds to Middle East supply recovery Gulf flow normalization Gulf response to low OECD commercial stocks Rising Iranian production
Goldman Sachs Cuts (ORG) Goldman Sachs (ORG) US (LOCATION) Iran (LOCATION)
Originally published by Bloomberg Markets Read original →

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