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Goldman Sachs Raises Oil Price Forecasts

Goldman Sachs and Citi have raised their oil price outlooks for late 2026 due to production delays. Brent crude is now expected to average 90 dollars per barrel.

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Major financial institutions have revised their crude oil price projections upward as supply constraints in the Middle East continue to tighten global markets. Goldman Sachs Group Inc. has raised its fourth-quarter 2026 forecasts for Brent and WTI crude, citing a slower-than-expected recovery in regional production and delayed normalization of shipping through the Strait of Hormuz.

The UBS corporate logo displayed on a building adjacent to the Swiss Federal Palace in Bern. REUTERS/Pierre Albouy/File Photo
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