Goldman Sachs Raises Brent Crude Oil Price Forecast to $90
International financial institution Goldman Sachs updated its year-end expectation due to supply risks and potential conflicts in the region.
Goldman Sachs raised its December Brent crude oil price forecast from $85 to $90 per barrel, citing supply risks in the Middle East and the possibility of escalating conflicts.
Risks Originating from the Middle East
Goldman Sachs analysts emphasized that developments in the Middle East directly determine global energy markets.
Year-End Price Expectation
The bank management revised its December Brent crude oil price projection upward, bringing it to the $90 per barrel level.
Geopolitical Risk Premium
Experts noted that the geopolitical risk premium reflected in current oil prices is slightly above $20 per barrel.
US Crude Oil Projections
US crude oil, which has remained low due to high shipping costs, is expected to be $81 in December and $73 in 2027.