Economy · World
Goldman Sachs Raises Oil Price Forecasts Amid Supply Concerns
Goldman Sachs has increased its oil price forecasts, citing substantial supply risks. The investment bank now expects Brent crude to reach $105 a barrel in December, up from a previous estimate of $90, and anticipates an average of $88 for the next year, a 10% upward revision. This comes as OPEC+ is set to maintain its December oil output targets, despite ongoing war disruptions. Separately, Brent crude saw a 3% slip to $110, influenced by reports of Iran-Qatar peace talks easing supply fears.
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- Centre (4): Business Standard, CNBC, The Free Press Journal, The Hindu BusinessLine