Goldman Sachs lifts December Brent forecast to $90
In short
Goldman Sachs raised its December 2026 Brent oil forecast to $90 a barrel because of supply risks in the Middle East. It kept its 2027 average forecast at $80.
This matters because oil price changes can affect energy markets, inflation and fuel costs. The bank also said severe Gulf production cuts could push Brent to $125, but Russian exports may still move prices in the near term.
What the reporting says
Goldman Sachs raised its December 2026 Brent crude forecast to $90 a barrel, citing supply risks in the Middle East. The bank kept its 2027 average at $80, while warning that severe Gulf production cuts could push prices to $125 and that Russian exports could still sway near-term sentiment. The immediate takeaway is a firmer price outlook with high volatility still in play.
Why it matters
Goldman Sachs raised its December 2026 Brent crude forecast to $90 per barrel, citing supply risks in the Middle East. The bank kept its 2027 average at $80 and said severe Gulf production cuts could lift prices to $125. It also flagged Russian exports as a near-term source of volatility. The move points to tighter oil market expectations, but the actual supply impact is still uncertain.