Goldman Sachs Lifts December Brent Forecast to $105 a Barrel

Goldman Sachs raised its December Brent projection to $105 a barrel from $90, while lifting its wider oil outlook for year-end and 2027. The change comes as concerns about crude supply increase. Markets are also factoring in a risk of escalation after the Nov. 3 U.S. midterm elections. The bank's earlier outlook put December Brent at $90 a barrel and projected a 2027 average of $80. TokenPost covered that earlier forecast . Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost