Goldman Sachs Lowers Oil Forecasts: Brent at $80, WTI at $75
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowGoldman Sachs has lowered its Brent crude forecast for Q4 2026 to $80 per barrel from $90, and for 2027 to $75 from $80. For West Texas Intermediate (WTI), the outlook has also been adjusted, with expected averages of $75 in Q4 2026 and $70 in 2027. The anticipated reopening of the Strait of Hormuz is expected to accelerate oil exports from the Persian Gulf to pre-conflict levels by the end of July. The investment bank estimates a global oil surplus of 3.2 million barrels per day in 2027.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About The Goldman Sachs Group (GS)
Goldman Sachs is a leading global investment bank specializing in advisory, trading, and asset and wealth management.
The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.
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