Economy · World
Oil Price Forecasts Raised Amid Middle East Supply Concerns
Goldman Sachs has increased its December 2026 Brent crude oil price forecast to $90 per barrel, citing supply risks in the Middle East. The firm maintained its 2027 average forecast at $80 per barrel but warned that significant production cuts in the Gulf could push prices as high as $125. Meanwhile, S&P Global anticipates crude oil prices may remain within the $80-$100 per barrel range through 2027. Potential Russian exports are noted as a factor contributing to near-term market volatility.
How outlets across the spectrum covered it
L 0 C 5 R 1
- Centre (5): Business Standard, Mint, Reuters, The Economic Times, The Financial Express
- Right (1): Times Now