As of April 27, 2026, Goldman Sachs significantly raised its oil price forecasts due to severe Middle East supply shocks. The firm boosted its Q4 2026 Brent crude projection to US$90 per barrel (from US$80 previously) and WTI to US$83 per barrel (from US$75), driven by major production losses.
Some may say even GS’ new oil price projections are still too conservative, given the huge destruction of supply seen todate from closure of the Hormuz Straits. And haven’t even factor possible loss of supply if the Red Sea is closed for a few weeks too.
However, at least the energy markets are factoring in the likelihood of not seeing pre-war crude oil price levels again in 2026. Can’t say the same about the stock markets
Goldman Sachs Raises Oil Price Forecast Yet Again
byu/PurpleReign123 inoil
Posted by PurpleReign123
1 Comment
If it’s oil future, I say probably? But if spot oil, not a single chance