Goldman Sachs has raised its December 2026 Brent crude oil price forecast to $90 per barrel from $85, citing persistent supply risks that are expected to keep near-term premiums elevated amid uncertainty over Middle East oil production, Reuters reported.
The investment bank maintained its base-case view that adjustments to Middle Eastern oil supplies would eventually bring crude prices down, although a renewed escalation in regional tensions could pose a significant upside risk, Reuters reported, citing a Goldman Sachs research note published on Sunday.
