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International Business Times
International Business Times
Business
Demian Bio

Goldman Sachs Raises Oil Forecasts For 2026 As Strait Of Hormuz Remains Closed

Oil prices topped $107 on Monday.

Goldman Sachs has elevated its oil forecasts for the year as the Strait of Hormuz remains closed and prices continue to be elevated.

The company said in a note it now expects Brent prices to stand at $90 by the fourth quarter, compared to $80 in its last prediction.

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