Goldman Sachs raises oil-price forecasts amid Middle East supply risks

Goldman Sachs now expects Brent at $105 a barrel in December, up from $90, and $88 on average in 2027.

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Goldman Hikes Oil-Price Forecasts on ‘Substantial’ Supply Risks

TLDR

Goldman's analysts say Brent could average $130 in 2027 if Middle Eastern output remains 3.5 million barrels a day below its 2025 average. They say Brent could instead fall into the $60s in 2027 if Persian Gulf output rises 2.5 million barrels a day above its 2025 average.

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