Goldman Sachs Raises Oil Price Forecast Amid Ongoing Hormuz Disruption
Goldman Sachs has raised its 2026 fourth-quarter Brent crude oil price forecast to $90 from $80 and West Texas Intermediate (WTI) to $83 from $75, citing prolonged disruption in the Strait of Hormuz. The upgrades reflect slower-than-expected recovery in Persian Gulf production and delayed normalization of exports, with analysts also increasing 2027 forecasts. The market is expected to shift from a surplus to a significant deficit, impacting global oil prices.
Tickers: $GS
Topics: Brent crude Goldman Sachs market forecast oil prices Strait of Hormuz West Texas Intermediate