Goldman Sachs Expects Oil Prices to Ease as Supply Surplus Returns in Late 2026
Goldman Sachs forecasts moderating oil prices as global supply exceeds demand in the fourth quarter of 2026 and in 2027. Dated Brent crude for delivery next month trades above $130 a barrel, while benchmark Brent futures have recently exceeded $100. Spot Brent prices include a nearly $25 risk premium reflecting potenti