GOLDMAN SACHS SHARPLY RAISES OIL PRICE FORECASTS THROUGH 2027

Goldman Sachs raised its Brent crude forecast for Q4 2026 to $108 per barrel, up from $95, while increasing its WTI forecast to $96 from $85.

The bank also lifted its 2027 Brent forecast to $88 from $80 and WTI to $78 from $73.

For Q1 2027, Goldman now expects Brent at $98 and WTI at $87.

However, its 2028 forecasts were lowered to $73 for Brent and $66 for WTI.