Goldman Sachs ups oil forecasts for 2026 and 2027
Goldman Sachs expects oil prices to rise in 2026 and 2027, raising their forecast by five dollars per barrel. They anticipate Brent crude to reach $85 in December 2026 and $80 in 2027, with the possibility of exceeding $120 if Gulf production deteriorates, or dropping to $60–70 if production increases by one million barrels per day. This outlook is set against the backdrop of escalating geopolitical tensions in the region, increased incidents involving Iran, and a decline in oil tanker transits through the Strait of Hormuz to their lowest level since May.
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