Goldman raises Brent crude oil forecast for 2027 to $88 a barrel

Goldman Sachs has raised its December Brent crude oil forecast to $105 per barrel from $90 , a nearly 17% increase, even as Persian Gulf oil flows reportedly return to or exceed pre-war levels. The bank also lifted its 2027 outlook, pointing to potential disruptions tied to conflicts in the Middle East and between Russia and Ukraine. Key takeaways Goldman now projects Brent averaging $88 per barrel in 2027. ANZ targets $105 Brent at year-end; UBS expects $110. Goldman’s 2027 base case allows for a one-million-barrel-per-day supply disruption. Iran-US diplomacy remains central to expectations for lower oil prices.

Source: The Cryptonomist