Goldman Sachs raises Q4 2026 oil price forecasts

12:51 PM (Mecca time) Argaam
Goldman Sachs raised its oil price forecasts for Q4 2026

Goldman Sachs raised its oil price forecasts for Q4 2026

Goldman Sachs raised its oil price forecasts for the fourth quarter of 2026, while assuming no supply disruptions from Iran.

 

In a client note, the US bank increased its Brent and West Texas Intermediate (WTI) crude forecasts by $6 each, to $60 and $56 per barrel, respectively, for Q4.

 

The bank now expects the average Brent price for 2026 to reach $64 per barrel, up from its previous forecast of $56, and the average WTI price at $60 per barrel, compared with $52 earlier.

 

Goldman Sachs kept its forecast for a global production surplus of 2.3 million barrels per day for the year, assuming no major supply disruptions and no peace deal between Russia and Ukraine.

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