16 Hrs
Source:
لبنان ٢٤
Goldman Sachs predicts Brent over $120 in late 2026
The article discusses Goldman Sachs' expectations regarding oil prices, where it forecasts that Brent crude oil could surpass $120 per barrel in the last quarter of 2026, reaching an average of $100 in the following year. This scenario assumes continued disruptions of supplies through the Strait of Hormuz and that Gulf production remains unresolved until the end of 2027. The report also notes that the current decline in prices is linked to tensions in the Middle East and efforts to mediate between the United States and Iran, as well as the Houthi threats in Yemen to impose a blockade on the Bab el-Mandeb Strait. Analysts anticipate that these developments will raise expected Brent prices for the fourth quarter from $80 to over $97, with potential risks of further price increases if tensions escalate.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)