Global Market: Goldman Sachs raises December Brent oil price forecast to $90 on supply risks

Economic Times - Oct 12, 2026

Goldman Sachs has raised its December 2026 Brent crude price forecast to $90 per barrel, citing supply risks in the Middle East. While 2027 averages remain at $80, severe Gulf production cuts could drive prices to $125, even as potential Russian exports keep near-term market sentiment volatile.

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