Goldman Sachs Raises Q4 Oil Price Forecast Due to Middle East Supply Disruptions
Goldman Sachs has increased its fourth-quarter oil price forecasts due to ongoing supply disruptions in the Middle East. The bank now expects Brent crude to average $90 per barrel and WTI to average $83, reflecting concerns over supply deficits and unresolved Gulf tensions. These developments are expected to continue driving up energy prices and impacting the global economy.
Tickers: $GS
Topics: energy markets Goldman Sachs oil prices supply disruptions