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Goldman Hikes Oil-Price Forecasts on ‘Substantial’ Supply Risks

Bloomberg Markets Monday 02 November 2026, 03:02 UTC By Rob Verdonck and Nicholas Lua 1 min read
Key Points

Goldman Hikes Oil-Price Forecasts on ‘Substantial’ Supply Risks Goldman Sachs Group Inc. raised oil-price forecasts for the year-end and 2027 on elevated risks to supplies, joining other banks in hiking their outlooks after months of war in the Middle East. Brent is now seen at $105 a barrel in December, up from a previous estimate of $90, and will average $88 next year, 10% more than seen before, analysts including Daan Struyven and Yulia Zhestkova Grigsby said in a note, which also...

Goldman Hikes Oil-Price Forecasts on ‘Substantial’ Supply Risks Goldman Sachs Group Inc. raised oil-price forecasts for the year-end and 2027 on elevated risks to supplies, joining other banks in hiking their outlooks after months of war in the Middle East. Brent is now seen at $105 a barrel in December, up from a previous estimate of $90, and will average $88 next year, 10% more than seen before, analysts including Daan Struyven and Yulia Zhestkova Grigsby said in a note, which also increased forecasts for US oil marker West Texas Intermediate.
Goldman Hikes Oil-Price (ORG) the Middle East (LOCATION) Brent (PERSON) Daan Struyven (PERSON) Yulia Zhestkova Grigsby (PERSON) US (LOCATION) West Texas Intermediate (ORG)
Originally published by Bloomberg Markets Read original →

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