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Goldman Sachs Cuts 2027 Brent Outlook
Goldman Sachs has lowered its forecast for the average Brent crude oil price in 2027 to $80 per barrel, citing increased supply and ongoing weak demand, along with a warning of sharp price volatility due to geopolitical risks. The bank pointed to rising oil production from the United States, Brazil, and other regions, as well as changes in demand, particularly in China. It also expects prices could reach $90 in the last quarter of 2026 as Gulf exports return to normal levels.
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