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.

洞察:
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).
A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S., on February 18, 2025. REUTERS/Eli Hartman/File Photo
A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S., on February 18, 2025. REUTERS/Eli Hartman/File Photo
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