Goldman raises December Brent forecast to $90 a barrel

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  Goldman Sachs raised its December Brent crude price forecast to $90 a barrel from $85.

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  The bank cited supply risks in the Middle East and the possibility that conflicts could escalate again.

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  Analysts said adapting Middle Eastern oil supply to new conditions could eventually lower prices.

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  They estimated that geopolitical risks add slightly more than $20 a barrel to oil prices.

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  Goldman expects US crude to average $81 a barrel in December and $73 in 2027, citing unusually high shipping costs between the US and Europe.

Who

Goldman Sachs, with analysts led by Daan Struyven.

What

The bank raised its December Brent forecast to $90 a barrel from $85.

When

The forecast was reported on October 12, 2026.

Where

The supply risks cited are in the Middle East.

Why

Goldman cited Middle East supply risks and the possibility of renewed conflict escalation.

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