Business · Energy & Commodities · 5 hrs ago
Goldman Sachs raises December Brent forecast to $90 a barrel
Goldman Sachs analysts raised their forecast for Brent crude oil to $90 a barrel in December.
Brent is a global oil benchmark.
Oil prices fell on Monday as traders expected Russian supplies to increase after statements by US President Donald Trump.
At the same time, conflict in the Middle East continued to support oil prices.
These opposing pressures are affecting expectations for the price of oil.
The forecast is for December, while the price decline described was on Monday.
No further developments or next steps were stated.
Goldman Sachs analysts raised their Brent crude oil price forecast for December to $90 per barrel.
Reuters reported the forecast revision, according to TASS.
Oil prices declined on Monday amid expectations of increased Russian supplies following statements by US President Donald Trump.
The conflict in the Middle East continued to support oil prices.
- Who
- Goldman Sachs analysts.
- What
- They raised their December Brent crude oil price forecast to $90 per barrel.
- When
- The report was published on October 12, 2026. The forecast is for December.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
TASS reported that Goldman Sachs analysts had raised their December Brent forecast to $90 per barrel.
Oil prices declined amid expectations of increased Russian supplies following statements by US President Donald Trump.
- Forecast
- $90 per barrel
- Commodity
- Brent crude oil
- Forecast period
- December
- Reporting outlet
- Reuters, as reported by TASS
- Publication date
- October 12, 2026
Sources
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