Goldman Sachs raises 2026 Brent crude average price forecast by $8 to $85 a barrel
Reuters
Mar 23
Goldman Sachs raises 2026 Brent crude average price forecast by $8 to $85 a barrel
March 22 (Reuters) - Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel from $77, and raised its West Texas Intermediate $(WTI)$ forecast to $79/bbl from $72.
"Due to uncertainty around the duration of the shock and assuming that Hormuz flows remain at 5% through April 10, prices are likely to trend higher over that period until the market gains confidence that a lengthy disruption is unlikely," the brokerage said in a note.
(Reporting by Noel John in Bengaluru; Editing by Christopher Cushing)
((Noel.John@thomsonreuters.com;))
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