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Goldman Sachs revises Brent 2027 forecast
Goldman Sachs has lowered its forecast for the average Brent crude oil price in 2027 to $80 per barrel, warning of sharp price fluctuations due to factors such as increased production in the United States, Brazil, Guyana, Venezuela, and the United Arab Emirates, weak demand especially in China, as well as the impact of disruptions in the Strait of Hormuz. The bank expects the oil price to reach $90 in the last quarter of 2026, with the possibility of rising above $110 if tensions persist, or dropping to around $70 if supply returns to normal.
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