Goldman Sachs raises December 2026 Brent forecast to $90/bbl
Updated
Summary
Goldman Sachs raised its December 2026 Brent forecast to $90/bbl from $85/bbl, citing persistent supply risks expected to slow the unwinding of the risk premium in futures spreads.
Why it matters
Its 2027 average oil-price forecast remains $80/bbl.
What remains uncertain
In a severe disruption scenario, Brent could average around $125/bbl in 2027 if Gulf production remains significantly below February 2026 levels.
Goldman Sachs said a stronger-than-expected recovery in regional output could push oil prices into the $60s.