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Goldman lifts oil target
Goldman Sachs raised its oil price forecasts, expecting Brent to reach $105 a barrel in December, up from $90, and West Texas Intermediate to reach $94, up from $81. It also raised its average forecasts for 2027 to $88 for Brent and $78 for U.S. crude. In a bullish scenario, Brent could reach $140 a barrel, averaging around $130 in 2027 if Gulf production remains 3.5 million barrels per day below its 2025 average.
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