Goldman Sachs raises fourth quarter oil price forecasts on lower OECD inventories
Goldman Sachs raised its late 2026 oil price forecasts citing lower OECD stocks. The bank maintains a surplus view but expects prices to rise through 2027.
Insights:
The Goldman Sachs Group, Inc. announced on Monday, February 23, 2026, that it has raised its fourth-quarter 2026 price forecasts for Brent crude and West Texas Intermediate (WTI) by $6. The revision brings the bank's expectations for Brent crude to $60 per barrel and WTI to $56 per barrel. This adjustment is primarily attributed to lower stock levels within the Organisation for Economic Co-operation and Development (OECD).
